Does Colorado Law Inhibit Creative Buyer-Broker Compensation?
Does CRS §12-10-301 inhibit buyers and their brokers from having creative fee arrangements? Learn why the answer to this question is “no.”
Brokerage Law
Buyer Side Requirement of the NAR Antitrust Settlement
Learn about one of the more important practice changes for buyer-side brokers: the inability of the buyer broker to make an agreement with the buyer to accept whatever the seller side is offering. Related Webcasts: Seller Side Requirement of the NAR Antitrust Settlement Is it Time to Think about Evolving Past the Realtor® Code of … Continue Reading
Seller Side Requirement of the NAR Antitrust Settlement
Learn about removal of compensation fields in the MLS and the prohibition of using the MLS to communicate co-op amounts. Related Webcast: Is it Time to Think about Evolving Past the Realtor® Code of Ethics?
Is it Time to Think about Evolving Past the Realtor® Code of Ethics?
A portion of the Realtor® Code of Ethics provided part of the legal justification for the $1.78 billion jury verdict against the National Association of Realtors® in October of 2023. The offending language (and its accompanying case study) could be surgically removed from Article 16 of the Code. Perhaps, however, we have blind spots about … Continue Reading
Must I Use Colorado Foreclosure Protection Act form for the sale of all CO foreclosure property?
The video encourages you to review the Colorado Division of Real Estate’s flow chart describing when to use the Colorado Foreclosure Protection Act Contract here. If you come to the same answer with the Division’s flow chart and the information in this video, then you are probably right. If you produce different answers, you should … Continue Reading
Avoiding Fraudulent Personal Property Agreements
Side agreements for personal property can be fraudulent. Learn how to avoid fraudulent side agreements for personal property.
Changes to Colorado’s Non-Compete Covenant Statute
Following Passage of the Restrictive Employments Agreement Act Last year, the Colorado legislature significantly revamped the state’s noncompetition and restrictive covenants statute. On August 10, 2022, the Restrictive Employments Agreement Act (the “Act”) became effective, implementing substantial changes to § 8-2-113, C.R.S., which statute encompasses Colorado’s restrictive covenant prohibitions. The Act has broad sweeping changes … Continue Reading
Buyers Impose their Leverage on Replacement Home Contingencies
My Buyer will accept the Seller’s replacement home contingency so long as the Buyer can stick a fork in the deal if the Seller fails to go under contract to buy a replacement home by a deadline. Can the contract provide for this? Yes, learn how by watching this video.
I Don’t Want to Buy my Client’s Home, But Might Agree to do so Just to Make a Deal
Brokers can provide value to a client by acting as a buyer-of-last-resort of the client’s “old house.” Generally, brokers seek to avoid being that buyer-of-last-resort and seller would prefer to sell the property to a market buyer (who would tend to pay more for the property). Do Colorado regulations allow a listing broker to be … Continue Reading
Managing Seller Risks of Conditional Offers
In a balanced market, more sellers are choosing to accept offers from buyers who need to close on a sale of another property before closing on the purchase of the seller’s property. Deals with the CREC a “Conditional Sale Deadline” leave Sellers strung out until the buyer closes on the sale of the “old home” … Continue Reading