Question

True/False - According to CP-38 Disclosure of Affiliated Business Arrangements, a licensee is required to disclose any affiliated business arrangement in which the licensee has a 1% or more interest when an offer to purchase real property is fully executed.

Answer 1

True

Step-by-step explanation:

The statement is true as we know according to CP-38 Commission Position toward Disclosure concerning Affiliated Business Arrangements as well as Conflicts, the comment additions Rule E-46 Affiliated Business Arrangements. §12-61-113.2, C.R.S. Affiliated Business Arrangements was established in Colorado to produce clarity, accountability, moreover customer protection during disclosure moreover regularity concerning affiliated marketing adjustments. Affiliated business organizations have also been organized for various years by the RESPA.