What must a broker do if their client wants to purchase a property they have listed?

In Colorado, when a broker's client expresses the desire to purchase a property that the broker has listed, several actions can be considered. The options reflect different approaches the broker might take under these circumstances.

One approach is to terminate the buyer agency agreement, which can be done to avoid any potential conflict of interest. However, this is not necessarily required and depends on the specifics of the relationship and agreement between the parties involved.

Alternatively, becoming a Transaction Broker for both parties is another valid action. This arrangement allows the broker to facilitate the transaction without representing either party in a fiduciary capacity. This neutral position can help in complying with ethical obligations while still enabling the broker to assist both parties in achieving their goals.

Encouraging the buyer to find another agent is also an option but may not be the most favorable route for the buyer, especially if they have preferences for working with the agent they trust.

Given that all the mentioned actions are feasible within the legal framework of Colorado real estate transactions, the most insightful interpretation of the question indicates that any of the options presented can be correct depending on the situation and the agreement between the broker and the client.