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REAL ESTATE BROKERAGE SERVICES DISCLOSURE Form
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People also ask
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What is a brokerage disclosure to tenant Colorado?
The landlord's agent must disclose to potential tenants all adverse material facts actually known by the landlord's agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the landlord.
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What should a buyer's broker disclose to the seller?
Other aspects that warrant full disclosure include: Offers from potential buyers. Seller's urgency to sell the property. Whether either party will move on the offer or price. Property value estimate. Conflicts of interest.
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When must the information about brokerage services notice be given to a party in a real estate transaction quizlet?
The Real Estate License Act has two separate representation disclosure requirements: License holders must disclose representation of agency upon first contact. License holders must provide the Information About Brokerage Services (IABS) Notice upon "substantive discussion."
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What is a broker disclosure?
The brokerage disclosure form outlines each agent's role in the transaction. While the brokerage disclosure document is a form and not a contract, each is geared to the brokerage's role in the transaction (seller's broker, buyer's broker, etc.), and each state's agreement is slightly different.
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