|
Division of Real Estate
Bimonthly Notification
—
March, 2025
|
|
Broker Notice:
Updated List of Trust Account Financial Institutions
All real estate brokers that hold or receive money belonging to others are required to establish accounting control policies and procedures in writing and must hold those funds in one or more accounts separate from other money that belongs to the broker or the brokerage firm.
The licensee must identify the fiduciary nature of each separate Trust or Escrow Account in deposit agreements with the financial institution by the use of the word “trust” or “escrow” and a label identifying the purpose of such account, such as “sales escrow”, “rental escrow”, “security deposit escrow”, or other abbreviated form defined in the deposit agreement.
Division staff regularly receives questions from both new and seasoned brokers about which financial institutions in Colorado offer compliant accounts. The Division maintains a list of financial institutions that have confirmed that they offer trust and escrow accounts, and the list can be found here:
This list may not be exhaustive and is reviewed by Division staff from time to time. If you represent a financial institution and would like the institution to be added to this list, please contact DORA_Division_RealEstate@state.co.us for more information. It is important to understand that this list is not an endorsement of any of these institutions and is provided for informational purposes only.
For additional information, please visit the Division’s Separate Accounts and Accounting webpage.
|
Announcements & Upcoming Meetings:
 Board of Real Estate Appraisers (BOREA) meeting:
Board of Mortgage Loan Originators (MLO) Meeting:
HOA Info & Resource Center Forum: Homeowner and Board Member Rights and Responsibilities
Colorado Real Estate Commission (CREC) Meeting:
|
|
HOA Forum: Homeowner and Board Member Rights and Responsibilities
For those of you living in a Common Interest Community, like an HOA, POA, Condominium, or Cooperative, navigating the complex laws affecting communities like the Colorado Common Interest Ownership Act (“CCIOA”) and the Colorado Nonprofit Corporation Act can be daunting. It is important though, for residents of Common Interest Communities, board members, and community association managers to understand these laws and how they affect basic rights and responsibilities.
On Friday, March 28 at 1:00pm (MT), we invite you to join the HOA Information Officer who will discuss the HOA Center’s role and discuss the various rights and responsibilities for homeowners and board members living in Common Interest Communities. This useful discussion should help attendees better understand different situations in their own communities. All are welcome to attend.
Presentation Details:
- Date: Friday, March 28, 2025
- Time: 1:00 p.m. - 2:00 p.m. (MT)
- Location: Online Webinar Only
This presentation will be offered on the Division’s Zoom platform and registration is required. You can do so here:
|
On behalf of the HOA Information & Resource Center, we look forward to you joining us.
-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
|
|
Join A FREE Webinar
The Division of Real Estate makes an effort to have all public meetings and educational opportunities live and accessible to the public by signing up for a webcast.
Find the meeting or event you want to attend on the Division Calendar, click on the “more details” and follow the directions to sign up for the webcast.
|
Attend An HOA Forum
The HOA Information & Resource Center offers free webinars on a variety of topics throughout the year. Learn about helpful resources and join in the conversation about your rights and obligations while living in an HOA community. Topics and locations change monthly. Visit the Division calendar to sign up!
Unable to attend? The HOA Information & Resource Center posts webinar recordings at the following link:
https://dre.colorado.gov/recent-hoa-forums
|
Subscribe And Stay Up-To-Date
Have you checked out our YouTube channel yet? You can find webinar recordings, educational videos, bite-sized advisory videos and watch various LIVE hearings and board & commission meetings.
Watch & Subscribe to: @DORADivisionRealEstate
and never miss our most current content!
|
|
|
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.
- February 4, 2025: Colorado Real Estate Commission (CREC) Meeting:
Webinar - Video
- February 28, 2025 - HOA Information & Resource Center Forum: HOA Governing Documents 101
Webinar - Video Available Soon!
|
|
|
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.
|
|
 |
|
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:
|
|
|
|
|
