Brokerage Disclosure To Buyer {BDB24}

BD24-6-16. BROKERAGE DISCLOSURE TO BUYER Page 1 of 2 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (BD24-6-16) (Mandatory 1-17) DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE SELLER AGENCY, BUYER AGENCY OR TRANSACTION-BROKERAGE. BROKERAGE DISCLOSURE TO BUYER DEFINITIONS OF WORKING RELATIONSHIPS good faith, loyalty and fidelity. The separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller. good faith, loyalty and fidelity. The agent negotiates on befinancial 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 er 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 -broker. RELATIONSHIP BETWEEN BROKER AND BUYER Broker and Buyer referenced below have NOT entered into a buyer agency agreement. The working relationship specified below is for a specific property described as: or real estate which substantially meets the following requirements: . Buyer understands that Buyer shall not be ratified by Buyer. CHECK ONE BOX ONLY: Multiple-Person Firm. Broker, referenced below, is designated by Brokerage Firm to serve as Broker. If more than one individual is so designated, then references in this document to Broker shall include all persons so designated, including substitute or additional brokers. The brokerage relationship exists only with Broker and does not extend to the employing broker, Brokerage Firm or to any other brokers employed or engaged by Brokerage Firm who are not so designated. One-Person Firm. If Broker is a real estate brokerage firm with only one licensed natural person, then any references to Broker or Brokerage Firm mean both the licensed natural person and brokerage firm who shall serve as Broker. American LegalNet, Inc. www.FormsWorkFlow.com BD24-6-16. BROKERAGE DISCLOSURE TO BUYER Page 2 of 2 CHECK ONE BOX ONLY: Customer. following list of tasks: Show a property Prepare and Convey written offers, counteroffers and agreements to amend or extend the contract. Broker is not the agent of Buyer. Transaction-Brokerage for Other Properties. -broker assisting in the transaction. Broker is not the agent of Buyer. Transaction-Brokerage Only. Broker is a transaction-broker assisting in the transaction. Broker is not the agent of Buyer. purpose of proper supervision, provided such supervising broker or designee shall not further disclose such information without consent of Buyer, or use such information to the detriment of Buyer. DISCLOSURE OF SETTLEMENT SERVICE COSTS. Buyer acknowledges that costs, quality, and extent of service vary between different settlement service providers (e.g., attorneys, lenders, inspectors and title companies). THIS IS NOT A CONTRACT. If this is a residential transaction, the following provision shall apply: If the presence of a registered sex offender is a matter of concern to Buyer, Buyer understands that Buyer must contact local law enforcement officials regarding obtaining such information. BUYER ACKNOWLEDGMENT: Buyer acknowledges receipt of this document on . Buyer Buyer BROKER ACKNOWLEDGMENT: On , Broker provided (Buyer) with this document via Broker American LegalNet, Inc. www.FormsWorkFlow.com