Division Notifications

New HOA Information Officer has been Announced

The Division of Real Estate would like to announce that David L. Donnelly is the new HOA Information Officer and will be heading up the HOA Information and Resource Center starting at the beginning of April.

Practical Guidance Advisory on Board Rule 5.1: Appraiser Experience Requirements

The Board of Real Estate Appraisers held a rulemaking hearing on March 3, 2022, and adopted a change to Board Rule 5.1 concerning the real estate appraisal experience requirements. The revised rule will be effective April 30, 2022.

January 2022 Bimonthly Update

The Division of Real Estate bimonthly email update is designed to provide Division news, information on upcoming public meetings, rulemaking hearings, and registration links for education webinars. Additionally, licensed professionals can find updates on licensing deadlines, opportunities for stakeholder engagement, and important practice guidance matters.

2022 Colorado Annual Commission is available

The 2022 Annual Commission Update (ACU) course is available for real estate brokers.

The 2022 Colorado Real Estate Manual is now available

The Colorado 2022 Real Estate Manual is now available for purchase. The manual has been updated and contains the program’s statutes, rules, position statements, case law, and real estate related substantive sections.

You can have access to abridged chapters of the manual on the Division’s website. A hard copy of the 2022 Real Estate Manual can be purchased on the LexisNexis website at the Real Estate manual online page or by calling Lexis-Nexis at 1-877-394-8826.

The Fall 2021 Real Estate News

The Division of Real Estate is excited to release the Fall 2021 Real Estate News online quarterly newsletter. This online publication provides the public access to the Division’s meetings and event calendar, program disciplinary actions, updates on important matters, and timely articles written by Division staff and outside contributors in the real estate industry.

Fall 2021 Real Estate News

Adopted Changes to Colorado Real Estate Commission Rules & Subdivision Rules (Effective November 30, 2021)

Real Estate Broker Rulemaking Update

On October 5, 2021, the Colorado Real Estate Commission held a permanent rulemaking hearing and adopted some changes to the Rules Governing Real Estate Brokers, to be effective on November 30, 2021.

Highlights of the adopted changes include:

2021 Appointments to the Division of Real Estate Forms Committee

For those that applied, thank you for your overwhelming interest in wanting to serve on the Real Estate Commission’s Forms Committee.

Refusing to Present Offers to Sellers

The Division continues to receive complaints by prospective buyers and their buyer’s brokers that some listing brokers are not presenting buyer’s offers to the seller. An additional complaint is that those listing brokers are refusing to present offers to their sellers unless a particular contract software is being used.

Allocation of Insurance Deductibles

In our recent article titled “Water Damage: Who’s Responsible?”, we discuss the issues involved in determining responsibility when water damage occurs in a unit within a homeowners association. Another consideration when dealing with water damage in an HOA is who is responsible for the insurance deductible. Generally, if damage to an insured property is less than the amount of the insurance deductible, then the insured would likely not file a claim, as there would be no insurance payout. However, for many associations, the cost of water damage frequently exceeds the amount of the insured’s deductible. When that occurs, the parties involved need to know who will be responsible for paying the deductible.