A Colorado listing broker is completing the CREC-approved Seller's Property Disclosure form with a seller in Jefferson County. The seller has lived on the property for 15 years and has direct knowledge of several environmental conditions. Which of the following is NOT required to be disclosed on the Seller's Property Disclosure form under Colorado law?
Correct Answer
C) The general proximity of the property to a public highway within the same county
The general proximity of a property to a public highway is not a material defect or environmental condition that must be disclosed on the CREC-approved Seller's Property Disclosure form. Proximity to public roads is a matter of public record, observable on inspection, and does not constitute a hidden or known defect under C.R.S. § 38-35.7-101 et seq. The disclosure form targets material defects and environmental hazards known to the seller — not general geographic or neighborhood characteristics.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
More Mandated Disclosures Questions
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Previous Question
A buyer's broker in Colorado is representing the Nguyen family in the purchase of a rural property in Weld County. The family asks their broker whether the property's well water has ever tested positive for nitrate contamination. The listing agent says the seller is unaware of any such testing. Under Colorado disclosure law, which statement best describes the broker's obligation in this situation?
Next Question
Derek is purchasing a 1960s-era home in Denver, Colorado. After the contract is executed, the seller discloses on the CREC Seller's Property Disclosure form that lead-based paint was used throughout the interior. Derek's broker explains that Colorado and federal law both impose obligations in this situation. Which statement accurately describes the combined federal and Colorado disclosure requirements for lead-based paint in this transaction?