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Colorado · Through Colorado Revised Statutes 2026

C.R.S. § 12-10-408.5: Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.

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Where this section sits in the code
  1. Title 12 - PROFESSIONS AND OCCUPATIONS
  2. Article 10 - Real Estate
  3. 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

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