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Brokerage Disclosure To Buyer Or Tenant BD24 - Colorado
| Brokerage Disclosure To Buyer Or Tenant Form. This is a Colorado form and can be used in Real Estate Statewide . |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (BD 24-10-06) (Mandatory 1-07) DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE SELLER AGENCY, BUYER AGENCY OR TRANSACTION-BROKERAGE. BROKERAGE DISCLOSURE TO BUYER TENANT DEFINITIONS OF WORKING RELATIONSHIPS For purposes of this disclosure, seller also means landlord (which includes sublandlord) and buyer also means tenant (which includes subtenant). Seller's Agent: A seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller. Buyer's Agent: A buyer's agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer's agent must disclose to potential sellers all adverse material facts actually known by the buyer's agent, including the buyer's financial ability to perform the terms of the transaction and, if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer. Transaction-Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer's financial ability to perform the terms of a transaction and, if a residential property, whether the buyer intends to occupy the property. No written agreement is required. Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party's agent or as the party's transaction-broker. RELATIONSHIP BETWEEN BROKER AND BUYER Broker and Buyer referenced below have NOT entered into a buyer agency agreement. The working relationship specified below is for a specific property described as: _________________________________________________________________________________________________ or real estate which substantially meets the following requirements: __________________________________________________________________________________________________ _________________________________________________________________________________________________. CHECK ONE BOX ONLY: Customer: Broker is the seller's agent and Buyer is a customer. Customer for Broker's Listings Transaction-Brokerage for Other Properties: When Broker is the seller's agent, Buyer is a customer. When Broker is not the seller's agent, Broker is a transaction-broker assisting in the transaction. Transaction-Brokerage Only: Broker is a transaction-broker assisting in the transaction. BD24-10-06. BROKERAGE DISCLOSURE TO BUYER/TENANT Page 1 of 2 American LegalNet, Inc. www.FormsWorkflow.com 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 If Broker is acting as a transaction-broker, Buyer consents to Broker's disclosure of Buyer's confidential information to the supervising broker or designee for the purpose of proper supervision, provided such supervising broker or designee shall not further disclose such information without consent of Buyer, or use such information to the detriment of Buyer. THIS IS NOT A CONTRACT. BUYER ACKNOWLEDGEMENT: Buyer acknowledges that Buyer has received this Brokerage Disclosure to Buyer on _______________________. Buyer Buyer BROKER ACKNOWLEDGEMENT: On _____________________, Broker provided ___________________________________________________ (Buyer) with this Brokerage Disclosure to Buyer at ________________________________________________________________ (location) and retained a copy for Broker's records. Brokerage Firm's Name: Broker BD24-10-06. BROKERAGE DISCLOSURE TO BUYER/TENANT Page 2 of 2 American LegalNet, Inc. www.FormsWorkflow.com
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