Colorado § 44-20-114 - Buyer agent bonds.
Full text of Colorado Colorado Revised Statutes § 44-20-114 — Buyer agent bonds., with citation guidance and answers to common questions.
§ 44-20-114. Buyer agent bonds.
(1) To be issued a buyer agent's license, an applicant must procure and file with the executive director evidence of a savings account, deposit, or certificate of deposit meeting the requirements of section 11-35-101 or a good and sufficient bond in the amount of five thousand dollars with a corporate surety duly licensed to do business within the state and approved as to form by the attorney general. The bond shall be available to ensure that the applicant shall perform in good faith as a buyer agent without fraud and without violating any provision of this part 1 related to fraud that is designated by the executive director by rule.
(2) All bonds required pursuant to this section shall be renewed annually at such time as the bondholder's license is renewed. The renewal may be done through a continuation certificate issued by the surety.
(3) No corporate surety shall be required to make any payment to any person claiming under the bond until a final determination of fraud has been made by the executive director or by a court of competent jurisdiction.
Source: L. 2018: Entire article added with relocations, (SB 18-030), ch. 7, p. 59, § 2, effective October 1. L. 2020: (1) and (3) amended, (SB 20-140), ch. 225, p. 1103, § 3, effective September 14.
Editor's note: This section is similar to former § 12-6-112.2 as it existed prior to 2018.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 44-20-114
What does Colorado Revised Statutes § 44-20-114 cover?
Section 44-20-114 ("Buyer agent bonds.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 44-20-114?
A common citation format is "Colorado Revised Statutes § 44-20-114" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 44-20-114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.