The Real Estate News
Fall 2020
Division of Real Estate
Embedded Files
COVID-19 Updates for Licensees and Consumers
Division Meetings and Events Calendar
Division Meetings and Events Calendar
Sign up for a webcast
Sign up for a webcast
The Division of Real Estate makes an effort to have all public meetings live and accessible to the public by signing up for a webcast.
Find the meeting or event you want to attend on the calendar, click on the “more details” and follow the directions to sign up for the webcast.
Upcoming HOA forums
Upcoming HOA forums
Attend a forum to learn about the Colorado HOA Information and Resource Center. You will have the opportunity to voice your questions and concerns regarding HOAs. At the forum, helpful resources will be provided along with a discussion of the rights and obligations of living in an HOA community. Topics and locations change monthly.
In the Division’s Spotlight
In the Division’s Spotlight
October is Conflict Resolution Month in Colorado
October is Conflict Resolution Month in Colorado
Historically, the Colorado Legislature, Governor’s Office and Colorado Municipalities have proclaimed October as the month of the year to recognize that there are methods and processes that can be used in facilitating the peaceful ending of conflict and retribution. Our Spotlight this month focuses on how conflict resolution can be used in the context of living in an HOA.
Conflict Resolution Resources for HOA Members
Conflict Resolution Resources for HOA Members
We have two articles that can help homeowners deal with issues and conflicts in their HOA: Conflict Resolution Tips for De-Escalation, and Understanding Conflict Resolution Mediation. In addition, we have an educational video on Handling Disputes in HOAs that will assist HOA board members in helping to resolve conflicts between homeowners and the HOA.
Director's Corner
Director's Corner
Psychologically Impacted Property - Within the past week, we have seen a spike in the number of inquiries and complaints about properties that have been the scene of a crime, or are perceived to be crime scenes. We have been fielding questions about what real estate brokers should or should not be disclosing, and in some instances, what an appraiser can share with someone who is neither the client nor the intended user of an appraisal.
Division Updates
Division Updates
Colorado Real Estate Commissions’ Subdivision Rule Review - The Division, on behalf of the Colorado Real Estate Commission, is currently conducting a review of the administrative rules for subdivisions and timeshares. The review will assess the continuing need for, the appropriateness, and cost-effectiveness of the regulations. This assessment will also determine if they should be continued in their current form, modified, or repealed.
New and Updated Commission Contracts and Forms for Use in 2021 - The Division of Real Estate and the Colorado Real Estate Commission, working in conjunction with the Forms Committee, have adopted and finalized the 2021 mandatory contracts and forms.
Board of Mortgage Loan Originator Rules, Effective January 1, 2021
On July 15, 2020 the Colorado Board of Mortgage Loan Originators (“Board”) held a rule-making hearing to update and adopt rules for mortgage loan originators and mortgage companies based upon the mandatory rule review required by Senate Bill 14-063 (Mandatory Review of State Agency Rules). The Division of Real Estate (“Division”) initiated the rule review on behalf of the Board to assess the continuing need for, appropriateness and cost effectiveness of the administrative rules. It also assessed whether the rules should be continued in their current form, amended or repealed.
HUD Guidance on Assessing a Person’s Request to Have an Animal as a Reasonable Accommodation Under the Fair Housing Act A Real Estate Advisory
Earlier this year, the U.S. Department of Housing and Urban Development (HUD) provided new guidelines to help explain certain obligations of housing providers under the Fair Housing Act (FHA) with respect to animals that individuals with disabilities may request as reasonable accommodations. While this issue has caused much confusion for landlords and property managers, these guidelines will assist in creating a set of best practices for complying with the FHA when making these assessments and to avoid violations.
2020 Legislative Updates
2020 Legislative Updates
Sunset Homeowners' Association Information And Resource Center
Financial Institution Agent Analyses Not Real Estate Appraisal
Allow Home Child Care In Homeowners' Association Community
Sunset Home Warranty Service Contracts
Landlord Prohibitions Tenant Citizenship Status
Consumer Connection
Consumer Connection
Reverse Mortgages in the COVID Era - These uncertain times have prompted many of us to reevaluate much about our daily lives. Among other matters, this includes where we live, how we shop, and for many, how we work. When change is forced upon us it is unsettling. Still, we also know that change presents opportunities. For some, this opportunity may be an equity release mortgage most widely known as a reverse mortgage. For a few, this opportunity takes the form of a purchase reverse mortgage.
Consumer Rights and Responsibilities During a Real Estate Transaction Series – Escrow and Inspections - Whether buying or selling a home, maneuvering through a real estate transaction can be a daunting task for many. It is not that often that the average person is involved in the real estate process during their lifetime. In this article we will concentrate on the responsibilities of the buyer concerning the escrow and inspection processes.
Licensee Reminders & Investigator Insights
Licensee Reminders & Investigator Insights
Providing Access to Properties Offered for Sale: Lockbox Authorization - The Division has recently received information of fraudulent companies and individuals using fake names to schedule showings in order to gain access to listed properties.
Understanding Appraisal Scope of Work Requirements - The Division of Real Estate (Division) is pleased to continue with its series of advisories for real estate appraisers designed to achieve better compliance with the Colorado Real Estate Appraiser Licensing Act, the Board Rules and the Uniform Standards of Professional Appraisal Practice (USPAP). The series of advisories have been developed from the Division’s review of work products from investigation and licensure applications. The advisories are designed to provide a quick and easy to follow format that addresses the most common appraisal issues seen by the Division. In this second installment of a four-part advisory series, licensees will learn how to be compliant with the “Scope of Work Rule.” and common issues encountered when developing assignment results.
HOA Today
HOA Today
The HOA Office at the Division of Real Estate is dedicated to providing timely outreach for those who live in and participate in HOAs across Colorado. Each newsletter we recap some of the timely and pertinent outreach we send to those who are signed up with the Division’s HOA email notification list. Signup below if you want these and other important HOA outreaches sent directly to your email box too.
Quarterly Discipline
Quarterly Discipline
Viewing the spreadsheet
Viewing the spreadsheet
Program Tabs
Program Tabs
Find the program you want to view by toggling through the tabs at the bottom of the spreadsheet.
Pop out the spreadsheet
Pop out the spreadsheet
To view the spreadsheet below on its own browser tab click on the “Pop-out” button in the top right corner of the spreadsheet.
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