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Brokerage Relationships
Definitions of Working Relationships: Per Colorado Real Estate Regulations

Buyer's Agent:

A buyer's agent works solely on the behalf of the buyer and owes duties to the buyer which include the utmost good faith, loyatly and fidelity. The agent will negotiate on behalf of and act as an advocate for the buyer. The agent must disclose to potential sellers all adverse material facts concerning the buyer's financial ability to perform the terms of the transaction and 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 client.

 

Transaction-Broker:

A transaction-broker assists the buyer or seller or both throughout a real estate transaction with communication, advice, negotiation, contracting and closing 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 adverse material facts concerning a property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.

 

Seller's Agent:

A seller's agent works solely on behalf of the seller and owes duties to the seller which include the utmost good faith, loyalty and fidelity. The agent will negotiate on behalf of and act as an advocate for the seller. The agent must disclose to potential buyers or tenants all adverse material facts about the property actually known by the broker. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the client.


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The information contained herein has been obtained from sources deemed reliable but cannot necessarily be guaranteed by the broker
or its agents. Sellers reserve the right to raise or lower prices at any time without notice. This website is developed and maintained by
Pinnacle Data Systems in exclusive partnership with Mountain Land Realty. Mountain Land Realty is a broker owned real estate company
that offers mountain and view property, land, cabins, and homes that are for sale in southern Colorado near Trinidad, Walsenburg,
Weston, Stonewall, Aguilar, Pueblo, Cuchara, La Veta, and all of Las Animas County south of Colorado Springs.

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