Colorado has NOT passed its own statute codifying buyer-agent representation agreement requirements. It relies on the national NAR settlement's MLS Participant Rule (effective August 17, 2024) plus Colorado Real Estate Commission-mandated standard forms — not new legislation. In fact, Colorado's regulator has taken a notably skeptical, arguably contrarian public stance: Marcia Waters, Director of the Colorado Division of Real Estate (part of DORA), stated in a July 2024 letter to the Colorado Association of REALTORS that requiring buyers to sign a compensation/representation agreement before touring a home is NOT required by, and arguably in tension with, existing Colorado law. She cited C.R.S. § 12-10-301, which entitles a broker to commission only upon producing a purchaser 'ready, willing and able' to complete a purchase — not upon a pre-tour signature — and noted that touring a home does not require a real estate license in Colorado, so no agreement is legally necessary just to view a property. She also emphasized the NAR rule binds only NAR-member Realtors and Realtor-owned MLSs, not all ~52,000 Colorado-licensed brokers. Practically, compliance still happens via (1) the national NAR MLS Participant Rule (effective Aug. 17, 2024, requiring NAR members to have a written agreement before touring), and (2) the Colorado Real Estate Commission's mandatory standard forms — the Exclusive Right-to-Buy Listing Contract (Form BC60), mandatory since August 15, 2024, revised for use on/after January 1, 2026 — issued under existing Commission rulemaking authority (4 CCR 725-1), not new statute. No bill creating a Colorado-specific buyer-agreement mandate has passed the legislature through the 2026 session (confirmed via review of 2025-2026 General Assembly real estate bills, e.g., HB25-1090, HB26-1287 Sunset Division of Real Estate — none create such a requirement). Thus Colorado sits closer to the New York model (settlement/MLS-rule-only, no dedicated statute) but is distinctive in that its regulator has publicly pushed back on the practice rather than simply deferring to it.
Facts on this page reflect research current as of 2026-07-05. Programs, rates, and laws change — confirm current figures with the relevant state agency before relying on them.