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Details of Tracking Number  2008-00772


CCR details

Tracking Number 2008-00772
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 725 Division of Real Estate
CCR Number 4 CCR 725-1
CCR Title RULES REGARDING REAL ESTATE BROKERS AND SALESPERSONS

Proposed rule

Rule ProposedRuleAttach2008-00772.DOC
Statutory Authority 12-61-114(4) and 12-61-114.5, C.R.S.
Description of Subjects/Issues The rule would prohibit real estate brokers from filing liens, lis pendens or recording listing contracts in an attempt to secure the payment of a commission or earned fee.
Purpose/Objective of Rule The purpose of this rule is to ensure that real estate brokers do not pursue payment of a perceived or validly earned commission, or other compensation for brokerage duties through remedies that may impact the merchantability of the client?s title to the property. The rule would prohibit real estate brokers from filing liens, lis pendens or recording listing contracts in an attempt to secure the payment of a commission or earned fee.
Comments Correct document now attached
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 09/09/2008
Hearing Time 09:00 AM
Hearing Location 1560 Broadway, Suite 925, Denver, Colorado 80202
Contact name Yvette Gabardi
Contact title Rulemaking Coordinator
Contact telephone 303-894-2341
Contact email yvette.gabardi@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02008-00772.RTF
Adopted Date 09/09/2008
Attorney General Opinion 09/26/2008
Effective Date 10/30/2008
Inserted into CCR 10/17/2008