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Open Record Requests. The Colorado Open Records Act ("CORA") allows citizens have the right to ask to inspect public documents retained by local and state government agencies. Unless specifically outlined in Colorado statute, all Division of Real Estate (the "Division") and Department of Regulatory Agencies ("DORA") documents are open to the ...
Colorado law mandates that sellers of residential real estate provide a comprehensive Seller’s Property Disclosure form to potential buyers. This form covers a wide range of property conditions and systems, including but not limited to structural integrity, plumbing and electrical systems, water damage, pest infestations, and any known issues ...
Transaction File Retention Requirements. Brokerage firms and brokers are required to retain transaction files for a period of four (4) years, beginning from the consummation date of the transaction or the expiration date of anly listing contract that does not consummate.
Feb 9, 2021 · The Seller’s Property Disclosure (SPD) is an important disclosure form for the real estate broker to discuss with their respective client. Both the seller and listing broker have obligations concerning the use of this form, and the buyer and buyer’s broker need to have an understanding of what this form represents by way of disclosures ...
Jul 13, 2021 · What is the public trustee system? Colorado is the only state in the United States that uses the “public trustee” system for foreclosures. In other states, the trustee is usually an attorney or other representative of the lender. However, in Colorado, the trustee is a public official with duties prescribed by Colorado statutes. Each county ...
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The Colorado Revised Statutes, C.R.S. 24-80-101(2), defines records as: "all books, papers, maps, photographs, or other documentary materials, regardless of physical form or characteristics, made or received by any governmental agency in pursuance of law or in connection with the transaction of public business and preserved or appropriate for preservation by the agency or its legitimate ...
The state portion of the examination is devoted to real estate practice in Colorado. Although examinations are based primarily on material covered by the Colorado real estate manual, the applicant is expected to be informed as to the usual and current activities and practices in the real estate field.
