Common use of Broker’s Obligations Clause in Contracts

Broker’s Obligations. Colorado law requires a broker to disclose to any prospective buyer all adverse material facts 363 actually known by such broker including but not limited to adverse material facts pertaining to the title to the Property and the physical 364 condition of the Property, any material defects in the Property, and any environmental hazards affecting the Property which are required 365 by law to be disclosed. These types of disclosures may include such matters as structural defects, soil conditions, violations of health, 366 zoning or building laws, and nonconforming uses and zoning variances. Xxxxxx agrees that any buyer may have the Property and 367 Inclusions inspected and authorizes Xxxxxx to disclose any facts actually known by Xxxxxx about the Property. 368 18.2. Seller’s Obligations. 369 18.2.1. Seller’s Property Disclosure Form. Seller Agrees Does Not Agree to provide a Seller’s Property 370 Disclosure form completed to Seller’s current, actual knowledge. Colorado law requires Seller to disclose certain facts regardless 371 of whether Seller is providing a Seller’s Property Disclosure form. Typically, the contract requires disclosure of adverse material 372 facts actually known by Xxxxxx.

Broker’s Obligations. Colorado law requires a broker to disclose to any prospective buyer all adverse material facts 363 334 actually known by such broker including but not limited to adverse material facts pertaining to the title to the Property and the physical 364 335 condition of the Property, any material defects in the Property, and any environmental hazards affecting the Property which are required 365 336 by law to be disclosed. These types of disclosures may include such matters as structural defects, soil conditions, violations of health, 366 337 zoning or building laws, and nonconforming uses and zoning variances. Xxxxxx agrees that any buyer may have the Property and 367 338 Inclusions inspected and authorizes Xxxxxx to disclose any facts actually known by Xxxxxx about the Property. 368 18.2. 339 18.2 Seller’s Obligations. 369 18.2.1. 340 18.2.1 Seller’s 's Property Disclosure Form. A seller is not required by law to provide a written disclosure of adverse matters 341 regarding the Property. However, disclosure of known material latent (not obvious) defects is required by law. Seller □ Agrees 342 □ Does Not Agree to provide a Seller’s 's Property 370 Disclosure form completed to the best of Seller’s 's current, actual knowledge. Colorado law requires Seller to disclose certain facts regardless 371 of whether Seller is providing a Seller’s Property Disclosure form. Typically, the contract requires disclosure of adverse material 372 facts actually known by Xxxxxx.