Understanding Colorado Real Estate Brokerage Relationships - Denver Colorado Real Estate Agent/Realtor - Anthony Rael

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UNDERSTANDING REAL ESTATE BROKERAGE RELATIONSHIPS IN COLORADO

When buying or selling real estate, you may decide to hire a real estate broker to assist you. At the time you begin a serious discussion of your real estate needs with a Colorado real estate broker, the broker should discuss brokerage services with you. The broker is required to advise you of the type of services the brokerage is going to provide. Colorado Law recognizes these services as the brokerage relationship.

DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE SELLER AGENCY, BUYER AGENCY OR TRANSACTION-BROKERAGE.

DEFINITIONS OF WORKING RELATIONSHIPS
Approved by the Colorado Real Estate Commission. - DD 25-5-04

For purposes of this disclosure, seller also means "landlord" and buyer also means "tenant".

Seller's Agent: A seller's agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.

Buyer's Agent: A buyer's agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer's agent must disclose to potential sellers all adverse material facts actually known by the buyer's agent including the buyer's financial ability to perform the terms of the transaction and if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.

Transaction-Broker: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer's financial ability to perform the terms of a transaction and if a residential property, whether the buyer intends to occupy the property. No written agreement is required.

Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party's agent or as the party's transaction-broker.

Do you have to hire an agent if you just want to see a property?

Absolutely not. Any licensed real estate agent can show a property to you. However, you will be asked to sign a disclosure document which says that the licensee has explained Colorado Brokerage Relationship law to you (see above). If you eventually decide to hire the agent, you will have to sign a contract which obligates you to use that person's services exclusively for a specific period of time.

If you have any questions regarding Brokerage Relationships, please call me at 303-520-3179.

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If you would like to sit down for coffee and discuss the Denver Real Estate market, just call me anytime at 303-520-3179.  Anthony Rael, Metro Brokers Arvada-Northwest offers professional & trustworthy real estate services to buyers & sellers throughout the Denver metro area including Arvada, Brighton, Broomfield, Denver, Golden, Highland/Sloan's Lake, Highlands Ranch, Lakewood, Littleton, Louisville, Longmont, Thornton, Westminster, Wheat Ridge, Adams County, Denver County & Jefferson County.

Leverage my life-long knowledge of the Denver Metro area - from homes, condos, lofts or investment properties, new homes builders, schools & local amenities to reliable & trustworthy business partners like mortgage brokers & home contractors to maximize your investment, secure your future and realize the home of your dreams.

I look forward to working with you soon.

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Anthony Rael is a Denver Real Estate Agent & REALTOR® with Metro Brokers Arvada-Northwest specializing in Denver Homes for Sale, Relocation to Denver Colorado, First-time Homebuyers, Home Property Values, Residential Home Sales and New Home Communities throughout the Denver Metropolitan area. Use Anthony's Denver real estate website to search for Denver area real estate and other properties along the Denver, Boulder and  Front Range area including single family homes, condos, town homes, lofts, short-sale properties, foreclosed properties, bank-owned properties, HUD and investment properties throughout Colorado. Learn more about Denver metro area cities & communities including Arvada Real Estate, Applewood, Brighton Homes for Sale, Broomfield Homes for Sale, Denver Homes for Sale, Golden Homes for Sale, Highlands Ranch Homes for Sale, Lo-Do, Lakewood Homes for Sale, Littleton Homes for Sale, Longmont Homes for Sale, Louisville Homes for Sale, Northglenn Homes for Sale, Thornton Homes for Sale, Westminster Homes for Sale & Wheat Ridge Homes for Sale, Colorado.  Anthony Rael & Associates is a full service real estate brokerage firm serving Adams County, Denver County and Jefferson County buyers & sellers. Anthony Rael is a Realtor® licensed to practice Real Estate in the state of Colorado.  Buying a home, selling a home or relocating to the Denver Metro area?  Use Anthony's website to learn more about Denver - the Mile High City, search Denver home listings, find your dream home & take advantage of the homebuyer & homeowner tools!  Denver Colorado real estate expert, Arvada Realtor, Brighton Realtor, Broomfield Realtor, Golden Realtor, Highlands Ranch Realtor, Lakewood Realtor, Littleton Realtor, Thornton Realtor, Westminster Realtor, Wheat Ridge Realtor, Adams County Realtor, Denver County Realtor, Douglas County Realtor, Jefferson County Realtor. Find Denver Real Estate Denver Houses For Sale Denver Relocation or Denver Colorado Real Estate Homes For Sale and take advantage of my homebuyer & seller resources & tools or search for Denver area real estate homes for sale at http://metrobrokersonline.terabitz.com/agents/Anthony.Rael

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Anthony Rael - Metro Brokers Arvada-Northwest.  Call Denver Real Estate Agent & Denver Relocation Specialist at (303) 520-3179