[DOWNLOAD] 2016 DMAR Report on Colorado Real Estate Commission (CREC)
DMAR engaged Frascona, Joiner, Goodman and Greenstein, P.C. law firm to assist in analyzing the Colorado Real Estate Commission (CREC or the Commission) policy and regulatory issues, including an examination of investigations and discipline relating to the Colorado licensed real estate brokerage community. This is an exclusive membership benefit to keep the brokerage community informed of “hot button” regulatory and broker disciplinary issues before the Commission.
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Broker disciplinary cases resolved in 2015 totaled 298. This number represents a substantial increase from the previous year which closed with 211 disciplinary resolved cases. In 2015, 222 licensees faced discipline for failure to meet continuing educational requirements. This violation was by far the most common violation of license law for 2014 and 2015 (and several years prior). However, the 2015 total represented a substantial uptick as 2014 saw only 153 brokers disciplined for failing to complete continuing education requirements. The Division of Real Estate increased its random audits of education records to a peak of 250 brokers each quarter. While there is some recent indication that the Division is now auditing fewer brokers for education compliance, licensees should still be careful to ensure compliance with education requirements.
Table of contents
- Executive Summary
- Analysis of 2015 License Law Violations
- Education Violations
- Criminal Issues
- Accounting Violations
- New Trend: Brokerage Disclosures
- Commission Investigations
- Commission Discipline
- Commission Regulatory and Policy Issues
- Minimum Service Listings and “MLS Entry Only” Listings
- Misrepresentation of Adverse Material Facts
- Appropriate Use of Forms
- Conclusion
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