About the Division


Mission Statement

The Division of Real Estate protects the consumer through the licensing, regulation and enforcement of licensed real estate professionals. We aspire to create a balance between consumer protection and promoting a fair and competitive business environment. We accomplish this balance by providing a collaborative approach to regulation that is open, simple and user-friendly.

Vision Statement

Navigate the landscape of real estate regulation through collaboration, transparency and equity.

Core Values



Integrity: we are trustworthy and dependable


Courtesy: we are polite, punctual, positive in attitude and dedicated to meeting our deadlines 


Accountability: we take responsibility for our actions 


Patience: we are steadfast despite opposition, difficulty, or adversity


Respect: we regard the feelings, wishes, rights or traditions of others



Division Director

Director Marcia Waters

Marcia Waters has been with the Colorado Division of Real Estate since August 2005.  

Marcia started with the Division as a Criminal Investigator for the Real Estate Commission and was promoted to Chief Investigator in 2006. In 2007, she was promoted to the position of Investigations and Compliance Director. In that capacity, she managed the investigatory and settlement programs for the Division. On October 15, 2010, she was promoted to the position of Division Director. The Division of Real Estate licenses and regulates approximately 50,000 real estate professionals. Ms. Waters serves as the administrator for the Real Estate Commission, the Board of Real Estate Appraisers, the Board of Mortgage Loan Originators, and the HOA Information and Resource Center.

Ms. Waters manages the Division’s $6.5 million budget, oversees a staff of approximately 50 full-time employees, and establishes the direction of Division programs based on market and industry trends.

Boards & Commissions

Colorado consumers are protected by the Division’s oversight of licensed professionals and related programs, which include:


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