Licensee Activities
This chapter covers the day-to-day activities Colorado licensees may perform and the regulatory framework that governs them. It explains the role of the Colorado Division of Real Estate and the Real Estate Commission, and Colorado's single broker license structure. Understanding these rules keeps licensees compliant and consumers protected.
The Division of Real Estate and the Commission
The Colorado Division of Real Estate operates within the Department of Regulatory Agencies (DORA) and houses the Colorado Real Estate Commission. The Commission licenses brokers, approves forms, adopts rules, and disciplines licensees for violations. It enforces license law to protect the public rather than to serve licensees. Private trade groups such as the Colorado Association of Realtors do not issue licenses.
Colorado's Broker License Structure
Colorado licenses everyone as a broker and does not use a salesperson license. The levels are associate broker, employing broker, and independent broker, which differ in supervision and authority. A newly licensed broker typically starts as an associate broker under an employing broker. Advancing to independent or employing broker requires additional experience and education.
Required Disclosures and Prohibited Conduct
Licensees must provide required disclosures, including the Brokerage Disclosure and the Definitions of Working Relationships, so consumers understand the relationship offered. Prohibited conduct includes misrepresentation, commingling client funds, and acting beyond the scope of the license. Violations can lead to fines, license suspension, or revocation. Following disclosure and conduct rules is central to lawful practice.