The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission.
(BDT20-5-09) (Mandatory 7-09)
DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE LANDLORD AGENCY, TENANT
AGENCY OR TRANSACTION-BROKERAGE.
BROKERAGE DISCLOSURE TO TENANT
DEFINITIONS OF WORKING RELATIONSHIPS
For purposes of this document, landlord includes sublandlord and tenant includes subtenant.
Landlord’s Agent: A landlord’s agent works solely on behalf of the landlord to promote the interests of the landlord with
the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the landlord. The
landlord’s agent must disclose to potential tenants all adverse material facts actually known by the landlord’s agent about
the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and
the landlord.
Tenant’s Agent: A tenant’s agent works solely on behalf of the tenant to promote the interests of the tenant with the
utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the tenant. The tenant’s
agent must disclose to potential landlords all adverse material facts actually known by the tenant’s agent, including the
tenant’s financial ability to perform the terms of the transaction and, if a residential property, whether the tenant intends to
occupy the property. A separate written tenant agency agreement is required which sets forth the duties and obligations of
the broker and the tenant.
Transaction-Broker: A transaction-broker assists the tenant or landlord or both throughout a real estate transaction by
performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties
with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A
transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make
the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a
property or a tenant’s financial ability to perform the terms of a transaction and, if a residential property, whether the tenant
intends to occupy the property. No written agreement is required.
Customer: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because
such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction-broker.
RELATIONSHIP BETWEEN BROKER AND TENANT
Broker and Tenant referenced below have NOT entered into a tenant agency agreement. The working relationship
specified below is for a specific property described as:
_________________________________________________________________________________________
or
real
Student Rental Property
estate which substantially meets the following requirements:
__________________________________________________________________________________________________
_______________________________________________________________________________.
Tenant understands that Tenant shall not be liable for Broker’s acts or omissions that have not been approved, directed, or
ratified by Tenant.
CHECK ONE BOX ONLY:
Multiple-Person Firm. Broker, referenced below, is designated by Brokerage Firm to serve as Broker. If more than
one individual is so designated, then references in this document to Broker shall include all persons so designated,
including substitute or additional brokers. The brokerage relationship exists only with Broker and does not extend to the
employing broker, Brokerage Firm or to any other brokers employed or engaged by Brokerage Firm who are not so
designated.
BDT20-5-09. BROKERAGE DISCLOSURE TO TENANT
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