It is with great sorrow that we share the news of the passing of Jim Gale. Jim was a valued member of the CAR family serving as President in 1978. Jim’s service to the Real Estate community as the broker of Gale & Co., a REALTOR® for over 50 years, Past President of the Grand Junction Area REALTORS®, board member of...
Sellers and landlords may not know about lead in the pipes. There is no lead in the water that Denver Water delivers to homes and businesses. But it can enter the drinking water as the water passes through older customer service lines, which connect the house to Denver Water’s distribution pipes in the street, or lead plumbing inside the home. Denver Water...
Colorado REALTOR®, The Colorado Real Estate Commission and the Colorado Division of Real Estate are undergoing a review mandated in Colorado law. A primary purpose of the review is to determine if the licensing of real estate brokers is necessary to protect public health, safety, and welfare. In conjunction with the analysis, DORA has launched a licensee survey asking those individuals...
Colorado regulators have urged real estate professionals to avoid selling property in off-the-market deals because they say it can pose greater risks for sellers. The Colorado Real Estate Commission issued an opinion last week stating that selling property without putting it officially on the market is OK, if sellers realize the risk, but if they don’t, such a tactic can...
At the most recent Colorado Real Estate Commission meeting held on June 3, 2014, the Commission adopted Commission Position CP-44 regarding advertising properties as "coming soon" to the market. CP-44 outlines a broker's obligation to exercise reasonable skill and care when advising a seller or landlord of the advantages or disadvantages of different marketing methods. Further, the manner in which the...
HB 1136 Signed by the Governor CAR initiated HB 14-1136, which effectively provides a state licensing agency, such as the Real Estate Commission, the authority to approve education programs from providers of CE toward its licensees without an additional layer of approval from the Department of Higher Education. The legislation also removes the restriction of membership among trade associations offering education...
Seller Financing The Colorado Board of Mortgage Loan Originators (the “Board”) and the Colorado Real Estate Commission (the “Commission”) are issuing this bulletin to clarify some of the issues that have been circulating about seller-financed residential real estate transactions. The Commission has heard concerns from the real estate broker community that there is a lack of clarity as to whether seller-financed...