Under Colorado law, a broker acting as a dual agent with proper written consent from both parties must fulfill certain duties. Which of the following is NOT a duty that a dual agent owes to both the buyer and the seller?
Correct Answer
D) Advocating exclusively for one party's negotiating position
A dual agent cannot advocate exclusively for one party's negotiating position because doing so would favor one client over the other, directly contradicting the nature of dual representation. Under Colorado's brokerage relationship statutes (C.R.S. § 12-10-401 et seq.), a dual agent must remain neutral with respect to negotiating positions and may not disclose one party's confidential information to the other or promote one party's interests at the expense of the other.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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