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  • Spd19-6-17 2018

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The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (SPD19617) (Mandatory 118) THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES.

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The problem with disclosing the existence of asbestos in a home is that unless you've actually tested for it you don't truly know if it's asbestos. If you have tested and the test was positive for asbestos, you are required to disclose this knowledge to any potential home buyer.

Colorado law requires that you disclose all misdemeanor and/or felony criminal convictions including those based on a plea of no contest and any deferred judgements or deferred sentences, except for misdemeanor traffic offenses and/or traffic infractions (DUI*,careless driving, speeding, etc.)

The seller has a legal responsibility to disclose latent defects if they know, or should have known, about them.

In Colorado, the seller's property disclosure responsibility also extends to the real estate professional. Colorado statute provides that a broker acting as a seller's agent must disclose to any prospective buyer all adverse material facts actually known by such broker.

As to the vacant land disclosure, a seller must disclose information regarding the use and access, water and sewer, environmental conditions, noxious weeds, and violations of law. Both forms contain warnings to the seller that the completion of the form has important legal consequences.

Although these disclosures are required by law and you should engage a real estate broker or attorney, the disclosures that cause lawsuits are the ones related to leaks and other water-related problems (i.e. mold, roof leaks, window leaks, flooding, etc.).

If you are selling a home, you are required to disclose only facts actually known to you. In other words, you are not required to disclose facts about the property that you "should have known," nor are you required to commission any inspections of your property in advance of filling out the form.

Many times additions, finishing unused spaces, and more do not get updated on the assessor's website. Since a property's square footage is a key component when listing a property for sale and in determining what to list a home for based on price per square foot, ensure the number is correct and up to date.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232