A broker acting as a transaction broker for a buyer, with no written agreement needs:

a. Nothing. This is the default representation in Colorado

b. To provide the buyer with a copy of the "Brokerage Disclosure to Buyer" with the broker's signature showing the date it was given to the Buyer.

c. A signed Exclusive agreement in order to show the buyer property.

d. A signed disclosure form from the Buyer.

Question

Business

Roy Whitney

21 April, 20:09

A broker acting as a transaction broker for a buyer, with no written agreement needs:

a. Nothing. This is the default representation in Colorado

b. To provide the buyer with a copy of the "Brokerage Disclosure to Buyer" with the broker's signature showing the date it was given to the Buyer.

c. A signed Exclusive agreement in order to show the buyer property.

d. A signed disclosure form from the Buyer.

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Answers (1)

Know the Answer?

Ian Fry · Answer 1

The correct answer is letter "B": To provide the buyer with a copy of the "Brokerage Disclosure to Buyer" with the broker's signature showing the date it was given to the Buyer.

Explanation:

A "Brokerage Disclosure to Buyer" is a document that explains the different brokerage relationships available in the state of Colorado for Real Estate purposes. Those options available are the seller's agent, the buyer's agent, and the transaction-broker. The document is useful for buyers to choose between one and another and to confirm what their role is in regards to the purchase of a property.