Get the free Brokeraged Duties Disclosure - non-CREC Listing
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1 2 3 4 5 6The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (CBS3623) (Mandatory 124) THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES
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How to fill out brokeraged duties disclosure
How to fill out brokeraged duties disclosure
01
Gather necessary information about the property and parties involved.
02
Review the broker's obligations and duties as outlined in relevant regulations.
03
Clearly identify the specific duties being disclosed, such as loyalty, disclosure, and accounting.
04
Ensure that all parties involved understand the context of the disclosure.
05
Complete the disclosure form accurately, filling in all required fields.
06
Provide a copy of the completed disclosure to all relevant parties.
07
Obtain signatures from the parties acknowledging receipt of the disclosure.
Who needs brokeraged duties disclosure?
01
Real estate agents and brokers involved in property transactions.
02
Clients (buyers and sellers) engaged with a broker.
03
Any third parties that a broker may have obligations towards in a real estate transaction.
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What is brokeraged duties disclosure?
Brokeraged duties disclosure is a document or statement required to be filed by brokers, detailing their responsibilities and obligations towards clients, as well as their relationships with other parties involved in the transaction.
Who is required to file brokeraged duties disclosure?
Brokers and brokerage firms involved in real estate or financial transactions are required to file brokeraged duties disclosure.
How to fill out brokeraged duties disclosure?
To fill out brokeraged duties disclosure, you need to provide accurate information about the brokerage's services, the nature of the relationship with clients, and any potential conflicts of interest.
What is the purpose of brokeraged duties disclosure?
The purpose of brokeraged duties disclosure is to ensure transparency, protect consumers, and clarify the responsibilities and obligations of brokers towards their clients.
What information must be reported on brokeraged duties disclosure?
Information that must be reported includes the nature of the brokerage relationship, services provided, fees, potential conflicts of interest, and any other relevant details affecting the client's decision.
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