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Details of Tracking Number  2010-00703


CCR details

Tracking Number 2010-00703
Type of Filing Emergency
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

Proposed rule

Rule
Additional Information
Statutory Authority 12-61-114(4) and 12-61-114.5, C.R.S.
Purpose/Objective of Rule The purpose of this rule is to ensure that real estate brokers involved in residential transactions, 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 involved in residential transactions from filing liens, lis pendens or recording listing contracts in an attempt to secure the payment of a commission or earned fee.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
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 AdoptedRules02010-00703.RTF
Redline Redline2010-00703.RTF
Emergency Justification EmergencyJustificationPathAttach2010-00703.RTF
Adopted Date 08/03/2010
Attorney General Opinion 08/16/2010
Effective Date 08/03/2010
Inserted into CCR 08/23/2010