Division of Real Estate Monthly Update-October, 2022


Division of Real Estate Monthly Update

October, 2022

For Division Interested Parties and Licensed Professionals

The 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. Additionally, licensed professionals can find updates on licensing deadlines, opportunities for stakeholder engagement, and important practice guidance matters.

License Renewal Season Starts November 1, 2022

Renew License Image

The Division of Real Estate license renewal period starts November 1, 2022 and continues through December 31, 2022.  Expired licensees may not conduct any business that requires licensure.  If your license is on an inactive status, you must still renew your license if you wish to maintain the inactive status and avoid reinstatement fees.  

Get Caught Up On Your License Renewal Requirements

Errors & Omissions Insurance Policy Renewal Reminder

The Division would like to notify all active licensees that many Errors & Omissions ("E&O") policies are set to expire on January 1, 2023, please review important renewal information prepared by the state contracted E&O carrier, Rice Insurance Services Center (RISC).

Most E&O policies expire on January 1, 2023. Please be advised that a full E&O audit of Real Estate Brokers will take place in February, 2023 to ensure compliance with the E&O insurance requirement.  

If you are renewing a policy that expires on January 1, 2023, you must purchase the renewal before January 30, 2023 and the policy must be effective January 1, 2023 to be considered compliant. See program-specific details below:

Brokers: Click Here


Appraisers: Click Here


Mortgage Loan Originators: Click Here


New CREC Forms

The Colorado Real Estate Commission ("CREC") is pleased to present new Real Estate forms.  The Division of Real Estate in collaboration with industry participants has updated certain Commission approved forms for 2023. These forms are being presented for educational purposes.  

Access The 2023 Forms Here


BOREA Rule Review

The Division, on behalf of the Colorado Board of Real Estate Appraisers ("BOREA"), is currently conducting a review of the administrative rules for real estate appraisers and appraisal management companies. The review will assess the continuing need for, the appropriateness, and the cost-effectiveness of the regulations. This assessment will also determine if they should be continued in their current form, modified, or repealed. As part of the rule review process, the Division seeks participation and input from stakeholders regarding the rules.

The Division is accepting comments through December 31, 2022.

Read More Here


HOA Forum:

Voting Procedures & Proxies

The HOA Information & Resource Center will hold a webinar on requirements for voting, executing proxies, and using proxies to affect change in your communities.  It will be held on October 21, 2022 at 1:00 p.m.

Register Here

Board and Commission Meetings, Division Webinars & Rulemaking

Colorado Real Estate Commission Meeting & Non-Rulemaking Hearing on the Commission-Approved Forms (Webinar Attendance Only)

Colorado Mortgage Loan Originator Board Meeting and Non-Rulemaking Hearing  (Webinar Attendance Only)

HOA Information Office webinar on Voting Procedures & Proxies (Webinar Attendance Only)