 On January 1, 2022, the Colorado Real Estate Commission released its latest version of the Contract to Buy and Sell Real Estate (“Contract”). Since its release, the Division of Real Estate has received numerous questions regarding the use and interpretation of paragraph #15.3.3 and how it relates to paragraph #16.2. While the Division of Real Estate has submitted potential revisions for these paragraphs for future consideration, this article is aimed at helping brokers understand how these paragraphs function until any such changes are made.
Board of Real Estate Appraisers Rulemaking Hearing
The Board of Real Estate Appraisers will be conducting a rulemaking hearing at their next regularly scheduled meeting on Thursday, September 1, 2022. The purpose of the hearing is modifying, adding, or repealing existing rules with respect to new statutory provisions found in House Bill 22-1261 (Sunset Board Of Real Estate Appraisers). The rulemaking incorporates requirements when licensed or certified appraisers perform evaluations.
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