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Code of Colorado Regulations eDocket
Details of Tracking Number
2023-00821
CCR details
| Tracking Number |
2023-00821 |
| 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 |
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Proposed rule
| Notice Filed with SOS |
12/28/2023 |
| Rule |
ProposedRuleAttach2023-00821.pdf |
| Additional Information |
AddInfoAttach2023-00821.pdf |
| Statutory Authority |
Parts 1-4 of Title 12, Article 10, Colorado Revised Statutes, as amended. |
| Applicable Federal Provisions |
Rule 2.11 is enacted in order to comply with the Veterans Auto and Education Improvement Act of 2022 (H.R.7939) |
| Description of Subjects/Issues |
The specific purpose of this rulemaking is to modify the administrative rules regarding definitions, Commission-approved forms, continuing education requirements, and requirements regarding the use and handling of trust or escrow accounts, security deposits, and rental proceeds. This rulemaking also modifies existing requirements regarding the disclosure of confidential information, the accuracy of electronic media and advertising, sign crossing, and property access. Furthermore, this rulemaking clarifies the filing and service requirements related to the Commission’s review of initial decisions and exceptions. This rulemaking also establishes additional requirements for implementation of a data security policy, use of mark-ups, and the use of non-Commission approved Contracts to Buy and Sell. Finally, a specific purpose of this rulemaking is to comply with H.R. 7939, which allows for license portability for members of the military and their spouses. The proposed new rule establishes requirements to practice under the federal law in Colorado. |
| Purpose/Objective of Rule |
The specific purpose of this rulemaking is to modify the administrative rules regarding definitions, Commission-approved forms, continuing education requirements, and requirements regarding the use and handling of trust or escrow accounts, security deposits, and rental proceeds. This rulemaking also modifies existing requirements regarding the disclosure of confidential information, the accuracy of electronic media and advertising, sign crossing, and property access. Furthermore, this rulemaking clarifies the filing and service requirements related to the Commission’s review of initial decisions and exceptions. This rulemaking also establishes additional requirements for implementation of a data security policy, use of mark-ups, and the use of non-Commission approved Contracts to Buy and Sell. Finally, a specific purpose of this rulemaking is to comply with H.R. 7939, which allows for license portability for members of the military and their spouses. The proposed new rule establishes requirements to practice under the federal law in Colorado. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00821.pdf
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| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
No
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| Hearing Date |
02/06/2024 |
| Hearing Time |
09:00 AM |
| Hearing Location |
1560 Broadway, Suite 925, Denver CO 80202 (Virtual Hearing Only) |
| Contact Name |
Melissa Phipps |
| Contact Title |
Senior Advisor |
| Contact Telephone |
(303) 894-7733 |
| Contact email |
melissa.phipps@state.co.us |
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Adopted rule
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