Colorado § 12-10-408.5 - Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.
Full text of Colorado Colorado Revised Statutes § 12-10-408.5 — Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice., with citation guidance and answers to common questions.
§ 12-10-408.5. Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.
When a broker is representing a consumer in a transaction for which a principal to the transaction, including a home builder, a bank, or a buyer, requires the use of a purchase contract that was created by the principal, the broker shall advise the consumer to seek legal advice from a licensed attorney before the consumer enters into the purchase contract. If a broker contract includes a unilateral cancellation clause in favor of the broker, that provision must be clearly and conspicuously disclosed to the consumer.
Source: L. 2026: Entire section added, (HB 26-1426), ch. 334, p. 2022, § 89, effective August 12.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 12-10-408.5
What does Colorado Revised Statutes § 12-10-408.5 cover?
Section 12-10-408.5 ("Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 12-10-408.5?
A common citation format is "Colorado Revised Statutes § 12-10-408.5" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 12-10-408.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.