New Disclosure Requirements Managers Need to Know (CO)

As a community association manager you may start to see selling owners requesting additional documents as part of their upcoming closing on their unit. This is because the Colorado Real Estate Commission approved a new Contract to Buy and Sell Real Estate (Residential) effective January 1, 2019 (“Buy Sell Contract”).  The new Buy Sell Contract added to and modified the list of documents that sellers must disclose to buyers. Associations and their management companies are required to comply with requests under the Buy Sell Contract to produce these documents as part of the closing process.    Read the article…………………

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