Colorado's Transaction-Broker Default and the Dual Agency Prohibition

In Colorado, the default relationship a broker has with a customer is that of a Transaction-Broker, who facilitates the deal without acting as an advocate or fiduciary for either party. A broker may instead become a single agent for the buyer or the seller, but this requires a written agreement establishing that agency relationship. Critically, dual agency (representing both buyer and seller as an agent in the same transaction) is prohibited in Colorado; when one firm works with both parties, it must do so as a transaction-broker rather than as a dual agent.