Colorado Springs Vintage Homes Blog
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Archive for April 6th, 2009
Who is Representing YOU?
The following information is the first in a series of Buyer Tips to provide tips for both the first-time homebuyer and 
the most experienced homebuyer. The goal is to help the consumer to become better educated about purchasing real estate in Colorado Springs and the surrounding area.
For a FREE Buyer’s Guide, Email KTorline@msn.com
Tip #1
Who’s working for you?
A Buyer’s Agent represents the buyer in a real estate transaction. The Colorado Springs real estate agent becomes the Buyer’s Agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. Under this agreement, the Buyer’s Agent owes his fiduciary responsibilities to the buyer. According to the Colorado Buyer’s agency agreement, a Buyer’s Agent has the following additional duties: Promoting the interests of Buyer with the utmost good faith, loyalty and fidelity, Seeking a price and terms that are acceptable to Buyer, and Counseling Buyer as to any material benefits or risks of a transaction that are actually known by Broker.
The State of Colorado has a form called Definitions of Working Relationships, which does 
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