Colo. Rev. Stat. § 12-1-101
Short title
The short title of this title 12 is the "Professions and Occupations Act".
Colorado Revised Statutes Title 12 — Professions and Occupations
Colorado · statute · Colo. Rev. Stat. tit. 12 · 1,277 active provisions
Colo. Rev. Stat. § 12-1-102
Scope of article
This article 1 applies to every article in this title 12 except to the extent otherwise specified in another article of this title 12.
Colo. Rev. Stat. § 12-1-103
Definitions
As used in this title 12, unless the context otherwise requires: (1) "Department" means the department of regulatory agencies created in section 24-1-122. (2) "Executive director" means the executive director of the department or the executive director's designee. (3) "Profession or occupation", "profession", or "occup…
Colo. Rev. Stat. § 12-10-101
Definitions
As used in this article 10, unless the context otherwise requires: (1) "Director" means the director of the division of real estate. (2) "Division" means the division of real estate. (3) "HOA" or "homeowners' association" means an association or unit owners' association formed before, on, or after July 1, 1992, as part…
Colo. Rev. Stat. § 12-10-201
Definitions
As used in this part 2, unless the context otherwise requires: (1) "Commission" means the real estate commission created in section 12-10-206. (2) "Employing real estate broker" or "employing broker" means a broker who is shown in commission records as employing or engaging another broker. (3) "Limited liability compan…
Colo. Rev. Stat. § 12-10-202
License required
(1) It is unlawful for a person, a firm, a partnership, a limited liability company, an association, or a corporation to engage in the business or capacity of real estate broker in this state without first having obtained a license from the commission. The commission shall not grant a person a license until the person…
Colo. Rev. Stat. § 12-10-203
Application for license - rules - definition
(1) (a) All persons desiring to become real estate brokers shall apply to the commission for a license under the provisions of this part 2. Application for a license as a real estate broker shall be made to the commission upon forms or in a manner prescribed by the commission. (b) (I) Prior to submitting an application…
Colo. Rev. Stat. § 12-10-204
Errors and omissions insurance required - rules
(1) Every licensee under this part 2, except an inactive broker or an attorney licensee who maintains a policy of professional malpractice insurance that provides coverage for errors and omissions for their activities as a licensee under this part 2, shall maintain errors and omissions insurance to cover all activities…
Colo. Rev. Stat. § 12-10-205
Licenses - issuance - contents - display
The commission shall make available for each licensee a license in such form and size as the commission shall prescribe and adopt. The real estate license shall show the name of the licensee and shall have imprinted thereon the seal, or a facsimile, of the department and, in addition to the foregoing, shall contain suc…
Colo. Rev. Stat. § 12-10-206
Real estate commission - created - compensation - immunity
(1) There is created a commission of five members, appointed by the governor, which shall administer parts 2 and 5 of this article 10. This commission is known as the real estate commission. The commission is a type 1 entity, as defined in section 24-1-105, and consists of three real estate brokers who have had not les…
Colo. Rev. Stat. § 12-10-207
Division of real estate - creation - director, clerks, and assistants
(1) There is created in the department the division of real estate. The executive director is authorized by this section to employ, subject to the provisions of the state personnel system laws of the state, a director of the division, who in turn shall employ such attorneys, deputies, investigators, clerks, and assista…
Colo. Rev. Stat. § 12-10-208
Resident licensee - nonresident licensee - consent to service
(1) A nonresident of the state may become a real estate broker in this state by conforming to all the conditions of this part 2; except that the nonresident broker shall not be required to maintain a place of business within this state if that broker maintains a definite place of business in another state. (2) If a bro…
Colo. Rev. Stat. § 12-10-209
Record of licensees - publications
The commission shall maintain a record of the names and addresses of all licensees licensed under the provisions of parts 2 and 5 of this article 10, together with such other information relative to the enforcement of the provisions as deemed by the commission to be necessary. Publication of the record and of any other…
Colo. Rev. Stat. § 12-10-210
Compilation and publication of passing rates per educational institution for real estate licensure examinations - definition - rules
(1) The commission shall have the authority to obtain information from each educational institution authorized to offer courses in real estate for the purpose of compiling the number of applicants who pass the real estate licensure examination from each educational institution. The information shall include the name of…
Colo. Rev. Stat. § 12-10-211
Change of license status - inactive - cancellation
(1) Immediate notice shall be given in a manner acceptable to the commission by each licensee of any change of business location or employment. A change of business address or employment without notification to the commission shall automatically inactivate the licensee's license. (2) A broker who transfers to the addre…
Colo. Rev. Stat. § 12-10-212
License fees - partnership, limited liability company, and corporation licenses - rules
(1) Fees established pursuant to section 12-10-215 shall be charged by and paid to the commission or the agent for the commission for the following: (a) Each broker's examination; (b) Each broker's original application and license; (c) Each renewal of a broker's license; (d) Any change of name, address, or employing br…
Colo. Rev. Stat. § 12-10-213
Renewal of license - continuing education requirement - rules
(1) A broker applying for renewal of a license pursuant to section 12-10-212 (4) shall include with the application a certified statement verifying successful completion of real estate courses in accordance with the following schedule: (a) For licensees applying for renewal of a three-year license, passage within the p…
Colo. Rev. Stat. § 12-10-214
Disposition of fees
All fees collected by the commission under parts 2 and 5 of this article 10, not including administrative fees that are in the nature of an administrative fine and fees retained by contractors pursuant to contracts entered into in accordance with section 12-10-203 or 24-34-101, shall be transmitted to the state treasur…
Colo. Rev. Stat. § 12-10-215
Fee adjustments - division of real estate cash fund created
(1) This section applies to all activities of the division under parts 2, 5, 6, and 7 of this article 10. (2) (a) (I) The division shall propose, as part of its annual budget request, an adjustment in the amount of each fee that it is authorized by law to collect under parts 2, 5, 6, and 7 of this article 10. The budge…
Colo. Rev. Stat. § 12-10-216
Records - evidence - inspection
(1) The executive director shall adopt a seal by which all proceedings authorized under parts 2 and 5 of this article 10 shall be authenticated. Copies of records and papers in the office of the commission or department relating to the administration of parts 2 and 5 of this article 10, when duly certified and authenti…
Colo. Rev. Stat. § 12-10-217
Investigation - revocation - actions against licensee or applicant - definition
(1) The commission, upon its own motion, may, and, upon the complaint in writing of any person, shall, investigate the activities of any licensee or any person that assumes to act in the capacity of a licensee within the state, and the commission, after holding a hearing pursuant to section 12-10-219, may impose an adm…
Colo. Rev. Stat. § 12-10-218
Affiliated business arrangements - definitions - disclosures - enforcement and penalties - reporting - rules - investigation information shared with the division of insurance
(1) As used in this section, unless the context otherwise requires: (a) "Affiliated business arrangement" means an arrangement in which: (I) A provider of settlement services or an associate of a provider of settlement services has either an affiliate relationship with or a direct beneficial ownership interest of more…
Colo. Rev. Stat. § 12-10-219
Hearing - administrative law judge - review - rules
(1) Except as otherwise provided in this section, all proceedings before the commission with respect to disciplinary actions and denial of licensure under this part 2 and part 4 of this article 10 and certifications issued under part 5 of this article 10 shall be conducted by an administrative law judge pursuant to the…
Colo. Rev. Stat. § 12-10-220
Rules
All rules adopted or amended by the commission are subject to sections 24-4-103 (8)(c) and (8)(d) and 24-34-104 (6)(b).
Colo. Rev. Stat. § 12-10-220.5
Radon disclosure - rules
The commission shall promulgate rules to implement section 38-35.7-112 (2)(c).
Page 1 of 52Next →