{"data":{"id":"us-co/c.r.s.-12-10-408.5","jurisdiction":"us-co","citation":"C.R.S. § 12-10-408.5","heading":"Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.","body":"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.","path":["Title 12 - PROFESSIONS AND OCCUPATIONS","Article 10 - Real Estate","Part 4 - BROKERAGE RELATIONSHIPS"],"source_url":"https://olls.info/crs/crs2026-title-12.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"5f8177198643f9b9d8af95b75df16e51e6402772315b21b9e92ad5394ddd60f4","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-12-10-408","next":"us-co/c.r.s.-12-10-409"},"notice":"GroundRules: Original legal text. Not legal advice."}