December 2018 - Colorado Division of Real Estate Interested Party Update

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December 2018: Colorado Division of Real Estate Interested Party Update

Licensee E&O Insurance Reminder

All of the professions regulated by the Division of Real Estate, except subdivision developers and appraisal management companies, are required to have errors and omissions (“E&O”) insurance.  

  • For real estate brokers, mortgage loan originators, and real estate appraisers, the Division is required by law to contract with an insurer for a group policy. You are not required to procure your coverage from the group insurer, but you do need to ensure that the coverage you obtain from a different insurer meets the limits set by the applicable board or commission rule.  You also need to be aware that depending on the activities that you are engaged in, e.g. property management, an additional rider to the base coverage may be necessary. Most E&O policies expire on December 31st.
  • In addition to E&O insurance, mortgage loan originators are required to have a surety bond in compliance with Board Rule 2.19.  
  • Community Association Managers are required to have crime fidelity insurance that meets the requirements of Director Rule D-10.
  • Appraisal Management Companies must post a $25,000 surety bond with the Board of Real Estate Appraisers, as set forth in Board Rule 17.14.

If you fail to renew your insurance, the Division does conduct E&O audits to prevent uninsured professionals from practicing licensed duties.  If we discover that you do not have an active policy, your license will be placed on inactive status. Depending on the type of license, you may be charged a fee to activate your license and you will be required to show proof of insurance coverage.

2019 Commission Approved Contracts and Forms

The Division of Real Estate and the Colorado Real Estate Commission, working in conjunction with the Forms Committee, have adopted and finalized the 2019 mandatory contracts and forms.

Learn More Here

Digest the latest HOA Information

Each month our HOA Officer provides a digest of all the news associated with HOAs in the State of Colorado. Take a moment and get caught up.

Read it Here

HOA Upcoming Forums

Attend a forum to learn about the Colorado HOA Information and Resource Center and meet the HOA Information Officer, Shanneyvie Johnson. You will have the opportunity to voice your questions and concerns regarding HOAs. At the forum, helpful resources will be provided alongside a discussion of the rights and obligations of living in an HOA community. Topics and locations change monthly.

Seating is limited, please RSVP to:, or if go to the Division’s Events Calendar and click on the registration link located in the event details for a live webcast.  

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Upcoming Board, Commission Meetings & HOA Forums

Webcast any of the Division of Real Estate meetings or HOA Forums by clicking on the event date below to register for the live webcast.

December 2018

Colorado Real Estate Commission Meeting

HOA Forum: Board Basics (Summit County)

January 2019

Board of Real Estate Appraisers Meeting

Board of Mortgage Loan Originators Meeting

Division Meeting & Event Calendar

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