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Competency is a notion that many people can apply to others, but it might be hard to apply to themselves.  It might be harder still for us to apply it to our own professions, whether we have been practicing for just a few months or even several years.  Nevertheless, this self-reflection is important for a real estate licensee.  Having the competency to properly advise and guide your client in order to protect their client’s interests is an important requirement for all licensees. 

On May 24, 2023, Governor Polis signed HB23-1105 into law. This bill creates two task forces aimed to investigate and present written reports on issues affecting those that work or live in HOAs in Colorado.

On August 7, 2023, SB23-206 Concerning Information about Radon in Residential Real Property Transactions, goes into effect. ****IMMEDIATE ATTENTION REQUIRED****

Are you curious about HOA law? Having difficulties, maybe even a legal dispute with your association but you are not sure where to go or who to talk to? Join the HOA Information Officer and attorneys from the Colorado law firm Robinson & Henry, P.C. for a presentation, followed by a question & answer session, on homeownersâ€� rights and responsibilities under the Colorado Common Interest Ownership Act (“CCIOAâ€�).

ÀÖ¾ºÌåÓýÈ«Õ¾ Colorado General Assembly Legislative Session adjourned on May 9, 2023. During the session, many new bills directly or indirectly affecting real estate and the practice of real estate were passed and became law. Understanding these laws, whether you are a real estate professional or simply an interested member of the public, may be helpful. ÀÖ¾ºÌåÓýÈ«Õ¾ Division of Real Estate has prepared the following legislative summaries to aid you in better understanding the latest changes. Final language of these acts and other information about the Colorado General Assembly can be found on the Colorado General Assembly’s website at:

ÀÖ¾ºÌåÓýÈ«Õ¾ Division of Real Estate's bimonthly email update is designed to provide Division news, information on upcoming public meetings, rulemaking hearings, and registration links for educational webinars.

 

As a DPOS approved educator, you are likely aware that PSI is the real estate broker examination contractor for the State of Colorado real estate salesperson exam. PSI has recently released the results of its job analysis survey.

ÀÖ¾ºÌåÓýÈ«Õ¾ Division of Real Estate's bimonthly email update is designed to provide Division news, information on upcoming public meetings, rulemaking hearings, and registration links for educational webinars.

 

ÀÖ¾ºÌåÓýÈ«Õ¾ Division of Real Estate has been receiving ongoing questions and concerns from both real estate brokers as well as financial institutions regarding the requirements for real estate brokers engaging in property management or holding money belonging to others to establish a trust or escrow account.

It will benefit Colorado appraisers to be aware that Fannie Mae has established standards by which Fannie Mae promotes quality in the loan origination process. ÀÖ¾ºÌåÓýÈ«Õ¾se standards, referred to as Appraiser Quality Monitoring (“AQMâ€�) are designed to “improve appraisal quality and strengthen the appraisal profession by identifying patterns of quality issues in appraisal reports and providing feedback directly to individual appraisers.â€�