Agency
Under Colorado law, 'dual agency' as it exists in many states is:
AEncouraged and requires simple written consent
BNot recognized; Colorado uses the transaction broker model instead✓ Correct
CAllowed only in commercial transactions
DProhibited entirely under any circumstances
Explanation
Colorado does not formally recognize traditional dual agency. Instead, when a broker would represent both parties, they assume the role of a transaction broker, providing limited services to both parties without representing either.
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