Listing Options

Real Estate Agency Relationships – how can we represent you?

The Colorado Real Estate Commission is active in regulating the professional community to ensure that fair, honest, and legal services are provided by its representatives. Toward that end, the following Agency Relationships have been defined to establish the appropriate relationship between the Colorado real estate professional and the client or customer:
Deviree Vallejo
A. As a Buyer

1. Buyer’s Agent – A buyer’s agent works solely on behalf of the buyer and owes duties to the buyer which include the utmost good faith, loyalty and fidelity. A buyer’s agent will negotiate on behalf of and act as an advocate of the buyer. The agent must disclose to potential sellers all adverse material facts concerning the buyer’s financial ability to perform the terms of the transaction and whether a buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the parties.

2. Transaction Broker – A transaction-broker assists the buyer or seller or both throughout a real estate transaction with communication, advice, negotiation, contracting and closing without being an agent or advocate for any of the parties. A transaction broker does owe the parties a number of statutory obligations and responsibilities, including reasonable skill and care in the performance of any oral or written agreement. A transaction broker must also make the same disclosures as agents about adverse material facts concerning a property or a buyer’s financial ability to perform the terms of a transaction, and whether the buyer intends to occupy the property. No written agreement is required.

B. As a Seller

1. Seller’s Agent – A seller’s agent is engaged as a limited agent and works solely on behalf of the seller. The agent owes duties to the seller which include the utmost good faith, loyalty and fidelity. A seller’s agent will negotiate on behalf of and act as an advocate of the seller. A seller’s agent must disclose to potential buyers or tenants all adverse material facts about the property.. A separate written listing agreement is required which sets forth the duties and obligations of the parties.

2. Transaction Broker – A transaction broker assists the buyer or seller or both throughout a real estate transaction with communication, advice, negotiation, contracting and closing without being an agent or advocate for any of the parties. A transaction broker does owe the parties a number of statutory obligations and responsibilities, including reasonable skill and care in the performance of any oral or written agreement. A transaction broker must also make the same disclosures as agents about adverse material facts concerning a property or a buyer’s financial ability to perform the terms of a transaction, and whether the buyer intends to occupy the property. No written agreement is required.

C. As a Developer

Kentwood City Properties has extensive experience promoting historic renovations and infill projects in central Denver. We typically represent the Developer as a Seller’s agent, although we have occasionally co-listed projects in the past. We work with a high volume of buyers looking for the right product to fit their individual needs. These relationships provide us with a unique perspective of what today’s urban buyer is looking for. Give us a try, and let us share our insites on what products are moving in the current market. It could be the beginning of a great relationship!
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