Division Notifications

The Division of Real Estate has been informed by the Denver Police Fraud Unit that a Jury Duty Scam is currently being directed at Colorado real estate brokers, and in particular toward female brokers.

By volunteering as a member of your homeowners association, you can make a difference in your community. HOAs in Colorado depend on volunteers for board membership, committees and other roles within the organization.

In Colorado, the law treats your relationship with your homeowners association as a contractual relationship. The terms of that contract are your governing documents, supplemented by certain statutes, such as the Colorado Common Interest Ownership Act (“CCIOA”) and the Colorado Revised Nonprofit Corporation Act (“CRNA”). Accordingly, it is important for members of an association to thoroughly understand each of these documents and get professional advice on anything they do not understand.

As a real estate broker, have you ever asked yourself “What exactly is the job of the employing broker?” Whether it's you or someone you work for, the employing broker has many responsibilities and different levels of supervisory duties that must be adhered to.

Being aware of the possibility of wildfires in your area, taking steps to help protect your home from potential fire damage, and knowing what insurance protections exist can go a long way in protecting your home and personal safety.

The Division of Real Estate has become aware of an increase in the number of instances concerning real estate broker commission disputes between a seller and broker arising at the closing table wherein the seller decides for a number of reasons that they do not want to pay their listing brokers’ commission in full.

In Colorado, floods are one of the most widespread common and natural hazards that we encounter. While some floods develop very slowly, flash floods can occur in an instant. Real estate professionals and their clients looking to purchase a home need to be aware if that home is located in a floodplain, as well as what the risk of flooding is in the area.

The HOA Information and Resource Center frequently hears from homeowners who express surprise and disappointment to learn that in Colorado, there is no regulatory oversight of homeowner associations or community association managers. Many express further surprise when they learn that the Division of Real Estate lacks the ability to create or even recommend regulations for HOAs. That is left to the legislators in Colorado’s General Assembly.

Here in Colorado, the state legislative session is in full swing. The First Regular Session of the Seventy-third General Assembly convened on January 13, 2021. The House and Senate generally convene at 10:00 a.m. on Mondays and 9:00 a.m. on Tuesdays through Fridays. Committees may meet upon adjournment of their respective chambers, at a time set in the chamber calendar, or as scheduled by the committee chair.

With the possibility of an increase in the number of foreclosures on the horizon and the potential easing of state and federal foreclosure moratoriums, a real estate broker will need to be aware of the Colorado Foreclosure Protection Act (“the Act”).