Colorado Revised Statutes Title 12. Professions and Occupations § 12-10-402. Definitions

(1) “Broker” shall have the same meaning as set forth in section 12-10-201(6), except as otherwise specified in this part 4.

(2) “Customer” means a party to a real estate transaction with whom the broker has no brokerage relationship because the party has not engaged or employed a broker.

(4) “Dual agent” means a broker who, with the written informed consent of all parties to a contemplated real estate transaction, is engaged as a limited agent for both the seller and buyer or both the landlord and tenant.

(5) “Limited agent” means an agent whose duties and obligations to a principal are only those set forth in section 12-10-404 or 12-10-405, with any additional duties and obligations agreed to pursuant to section 12-10-403(5).

(6) “Single agent” means a broker who is engaged by and represents only one party in a real estate transaction. A single agent includes the following:

(7) “Subagent” means a broker engaged to act for another broker in performing brokerage tasks for a principal. The subagent owes the same obligations and responsibilities to the principal as does the principal's broker.

(8) “Transaction-broker” means a broker who assists one or more parties throughout a contemplated real estate transaction with communication, interposition, advisement, negotiation, contract terms, and the closing of the real estate transaction without being an agent or advocate for the interests of any party to the transaction. Upon agreement in writing pursuant to section 12-10-403(2) or a written disclosure pursuant to section 12-10-408(2)(c), a transaction-broker may become a single agent.