Division Notifications

At their meeting on April 6, 2021, the Colorado Real Estate Commission (“the Commission”) adopted revisions to Commission Position Statement 20. This important position statement provides the real estate broker with guidance regarding the broker’s supervision responsibilities regarding unlicensed and licensed Real Estate Administrative Professionals (“REAPs”) as employees or independent contractors, and the tasks that they are allowed to perform on behalf of brokers.

The Division of Real Estate is releasing the final installment of its series of appraiser licensee advisories designed to achieve better compliance. This final installment gives licensees the opportunity to better understand how to complete a successful appraisal by supporting adjustments properly.

For licensed real estate brokers that practice in the area of property management, there are many things that are unique to this area of real estate practice, and certain problem issues often come to the attention of the Real Estate Commission on a recurring basis. Being more aware of some of these concerns will help you stay compliant with the Commission rules, and improve your property management business.

The “Directly from the Director” webcast on March 30th had Director Waters discuss Employing Broker Responsibilities and Supervision. For those who were not able to attend the presentation, please find below the recording and slide deck of the webcast.

In Colorado, aspiring appraisers can earn 100% of the experience requirements for both the AL and CR credentials with PAREA.

Starting in April, licensees will receive a bimonthly update, replacing the current process of sending emails as needed throughout the month.

A mortgage loan originator (MLO), is a licensed professional that assists a consumer seeking a loan to purchase a home or to refinance their existing home loan, and works with them throughout the loan approval process.

One of the core requirements of living in an HOA is the sharing of expenses. It is quite literally at the heart of the definition of a common interest community. Therefore, it makes sense that members are given the opportunity to have some input on the budget for their association.

One of the most common questions the HOA Information Center is asked is “Doesn’t my association have to provide notice of that?” Well, that depends on what “that'' is. The majority of meetings that will take place in an HOA are Board meetings.

What does it mean for a real estate broker to be competent in the practice of real estate? A real estate broker must have the competency to properly advise and guide their client in order to protect the client’s interests. Competency is achieved by understanding the facts and principles that one obtains from formal training and experience.