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Division of Real Estate Bimonthly Notification
September, 2023
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Understanding Competency in the Real Estate Broker Industry
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.
Unlike skills, which are learned, competency can be understood as inherent qualities which demonstrate the characteristics necessary for the efficient performance of a job. More often than not, competency is derived from formal training and experience.
There are several steps a real estate licensee can take to obtain the competency needed to properly perform their responsibilities in a transaction. (Read More)
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Announcements & Upcoming Meetings:
Board of Real Estate Appraisers (BOREA) Meeting:
Board of Mortgage Loan Originators (MLO) Meeting:
HOA Info & Resource Center Forum:
Colorado Real Estate Commission (CREC) Meeting:
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Tenant Radon Disclosure Form Is Available Through The Colorado Bar Association
In previous Division of Real Estate correspondence, the Division has informed licensees of the passage of SB23-206. This bill became law on August 7, 2023 and the Division released several updated contracts and disclosure forms to ensure that purchase and sale transactions comply with this new law after that date.
Real estate practitioners and, in particular, property managers may be interested to know that the Colorado Bar Association has prepared a useful form which is available for purchase in landlord/tenant transactions. A link to the Tenant Radon Disclosure Form can be accessed through the Division of Real Estate Contracts and Forms page under the Resource section of the page.
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Mortgage Assistance for Coloradans
Notice from the Department of Local Affairs:
In October 2021, the Colorado Department of Local Affairs established the Emergency Mortgage Assistance Program. The Program uses federal Homeowner Assistance Funds to help eligible Colorado homeowners keep their homes by assisting with the following:
- Homeowners insurance payment
- Loss of utilities or home energy services
- Paying off or paying down Chattel Loans
- Lot rent for owner-occupied mobile homes
- Mortgage defaults, delinquencies, and/or foreclosures
- HOA payments, delinquencies, and/or liens
- Past due taxes
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HOA Forum:
Attorney Perspectives- Board Member Rights and Responsibilities In Colorado
Are you a board member and curious about HOA law? Do you have a difficult board meeting coming up and looking for tips/strategies on how to manage it? Maybe you are looking for ways to motivate your fellow board members and better engage your community. Please join the HOA Information Officer and special guest Moeller Graf, a Colorado law firm, for a live presentation and Q&A session on board members' rights and responsibilities under the Colorado Common Interest Ownership Act (“CCIOA”).
Do you have a question you would like to submit ahead of time? Please send it to DORA_DRE_hoainquiries@state.co.us with "September HOA Forum Question" in the Subject line.
On Friday, September 29, 2023, at 1:00 pm (MT), the HOA Information & Resource Center will hold an informational online webinar. All are welcome to attend.
Presentation Details:
- Date: Friday, September 29, 2023
- Time: 1:00 p.m. - 2:00 p.m. (MT)
- Location: Online Webinar Only
All are welcome to attend.
You may register for the event here:
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-HOA Information & Resource Center-
Note: If you are unable to attend, the HOA Information & Resource Center posts a recording of the webinar within a few days following the presentation at the following link: https://dre.colorado.gov/recent-hoa-forums
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Life is Busy - We Get It!
Did you miss any of our meetings or forums last month? No need to worry! You can click the links below to catch up and stay current with what is going on at the Division of Real Estate.
- August 1, 2023: Real Estate Commission (CREC) Meeting:
Webinar - Video
- August 18, 2023: HOA Forum: Attorney Perspectives - Homeowners'
Rights & Legal Proceedings in Colorado
Webinar - Video
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For Division Interested Parties and Licensed Professionals
The Division of Real Estate's bimonthly email 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.
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Colorado Division of Real Estate
1560 Broadway, Ste. 925 | Denver, Co 80202
Phone: (303) 894-2166 /(800) 886-7675 | Fax: (303) 894-2683
Email: dora_realestate_website@state.co.us |
Subscriber Services:
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