Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB17-1358

Disclose Amounts Payable To Real Estate Brokers

Concerning transparency in the fees to be paid to the parties' agents in a real estate transaction.
Session:
2017 Regular Session
Subjects:
Business & Economic Development
Financial Services & Commerce
Housing
Bill Summary

The bill requires that, in any sale or lease of real estate, the amounts payable to anyone acting as a broker in the transaction (e.g., buyer's agent, seller's agent, transaction-broker) be disclosed in writing, either as part of the contract or otherwise, and accounted for. If the amount payable is allocated between the parties, the portion for which each party is responsible must be separately stated.

Brokers are required to disclose their fees or the basis for calculating their fees on all marketing materials relating to any specific property, including on-line multiple listing services.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. P. Rosenthal

Sponsor

Co-sponsor

COVID-19 Resources

Temporary Guidelines for Review and Comment Meetings

The House will meet in limited session on Thursday, April 2nd. The Senate adjourned. The Capitol will be open for the duration of the session for those with essential business related to the session. The building will not be available for public tours. People without essential business are encouraged to access the session through the General Assembly website and Colorado Channel.  Anybody with essential business related to the session will be required to practice appropriate social distancing measures.