C.R.S. § 12-10-408.5: Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.
Where this section sits in the code
- Title 12 - PROFESSIONS AND OCCUPATIONS
- Article 10 - Real Estate
- Part 4 - BROKERAGE RELATIONSHIPS
When a broker is representing a consumer in a transaction for which a principal to the transaction, including a home builder, a bank, or a buyer, requires the use of a purchase contract that was created by the principal, the broker shall advise the consumer to seek legal advice from a licensed attorney before the consumer enters into the purchase contract. If a broker contract includes a unilateral cancellation clause in favor of the broker, that provision must be clearly and conspicuously disclosed to the consumer.
Collected 2026-09-14T18:37:45Z. Source file · JSON