Colorado § 12-1-103 - Definitions.

§ 12-1-103. Definitions.

As used in this title 12, unless the context otherwise requires:

(1) "Department" means the department of regulatory agencies created in section 24-1-122.

(2) "Executive director" means the executive director of the department or the executive director's designee.

(3) "Profession or occupation", "profession", or "occupation" means an activity subject to regulation by a part or article of this title 12.

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 613, § 1, effective October 1.

DIVISION OF REAL ESTATE

ARTICLE 10

Real Estate

PART 1

COMMON DEFINITIONS

12-10-101. Definitions.

PART 2

BROKERS AND SALESPERSONS

12-10-201. Definitions.

12-10-202. License required.

12-10-203. Application for license - rules - definition.

12-10-204. Errors and omissions insurance required - rules.

12-10-205. Licenses - issuance - contents - display.

12-10-206. Real estate commission - created - compensation - immunity.

12-10-207. Division of real estate - creation - director, clerks, and assistants.

12-10-208. Resident licensee - nonresident licensee - consent to service.

12-10-209. Record of licensees - publications.

12-10-210. Compilation and publication of passing rates per educational institution for real estate licensure examinations - definition - rules.

12-10-211. Change of license status - inactive - cancellation.

12-10-212. License fees - partnership, limited liability company, and corporation licenses - rules.

12-10-213. Renewal of license - continuing education requirement - rules.

12-10-214. Disposition of fees.

12-10-215. Fee adjustments - division of real estate cash fund created.

12-10-216. Records - evidence - inspection.

12-10-217. Investigation - revocation - actions against licensee or applicant - definition.

12-10-218. Affiliated business arrangements - definitions - disclosures - enforcement and penalties - reporting - rules - investigation information shared with the division of insurance.

12-10-219. Hearing - administrative law judge - review - rules.

12-10-220. Rules.

12-10-220.5. Radon disclosure - rules.

12-10-221. Broker remuneration.

12-10-222. Acts of third parties - broker's liability.

12-10-223. Violations.

12-10-224. Subpoena compelling attendance of witnesses and production of records and documents.

12-10-225. Failure to obey subpoena - penalty.

12-10-226. Powers of commission - injunctions.

12-10-226.3. HOA homeowners' rights task force - creation - membership - duties - reporting - definitions - repeal. (Repealed)

12-10-226.5. Metropolitan district homeowners' rights task force - creation - membership - duties - reporting - definition - repeal. (Repealed)

12-10-227. Repeal of part - subject to review.

PART 3

BROKERS' COMMISSIONS

12-10-301. When entitled to commission.

12-10-302. Objections on account of title.

12-10-303. When owner must perfect title.

12-10-304. Referral fees - conformity with federal law required - remedies for violation - definitions.

12-10-305. Repeal of part - subject to review.

PART 4

BROKERAGE RELATIONSHIPS

12-10-401. Legislative declaration.

12-10-402. Definitions.

12-10-403. Relationships between brokers and the public - definition - rules.

12-10-403.5. Broker engagement contracts - residential premises - prohibited terms - unfair or deceptive trade practice - definition.

12-10-404. Single agent engaged by seller or landlord.

12-10-405. Single agent engaged by buyer or tenant.

12-10-406. Dual agent.

12-10-407. Transaction-broker.

12-10-408. Broker disclosures.

12-10-408.5. Noncommission-approved contracts to buy and sell - broker's duty to advise consumer to seek legal advice.

12-10-409. Duration of relationship.

12-10-410. Compensation.

12-10-411. Violations.

PART 5

SUBDIVISIONS

12-10-501. Definitions.

12-10-502. Registration required.

12-10-503. Application for registration.

12-10-504. Registration of developers.

12-10-505. Refusal, revocation, or suspension of registration - letter of admonition - probation.

12-10-506. Powers of commission - injunction - rules.

12-10-507. Violation - penalty.

12-10-508. Repeal of part - subject to review.

PART 6

REAL ESTATE APPRAISERS

12-10-601. Legislative declaration.

12-10-602. Definitions.

12-10-603. Board of real estate appraisers - creation - compensation - immunity - legislative declaration - subject to review - repeal of part.

12-10-604. Powers and duties of the board - rules.

12-10-605. Fees, penalties, and fines collected under part 6.

12-10-606. Qualifications for licensing and certification of appraisers - continuing education - rules - evaluations - definitions.

12-10-607. Appraisal management companies - application for license - exemptions.

12-10-608. Errors and omissions insurance - duties of the division - certificate of coverage - group plan made available - rules.

12-10-609. Bond required.

12-10-610. Expiration of licenses - renewal - penalties - fees - rules.

12-10-611. Licensure or certification by endorsement - temporary practice.

12-10-612. Denial of license or certificate - renewal - definition.

12-10-613. Prohibited activities - grounds for disciplinary actions - procedures.

12-10-614. Appraisal management companies - prohibited activities - grounds for disciplinary actions - procedures - rules.

12-10-615. Judicial review of final board actions and orders.

12-10-616. Unlawful acts - penalties.

12-10-617. Appraisal management company license required - violations - injunction.

12-10-618. Injunctive proceedings.

12-10-619. Special provision for appraiser employees of county assessors.

12-10-620. Duties of board under federal law.

12-10-621. Business entities.

12-10-622. Provisions found not to comply with federal law null and void - severability.

12-10-623. Scope of article - regulated financial institutions - de minimis exemption.

PART 7

MORTGAGE LOAN ORIGINATORS

12-10-701. Short title.

12-10-702. Definitions.

12-10-703. Board of mortgage loan originators - creation - compensation - enforcement of part after board creation - immunity.

12-10-704. License required - rules.

12-10-705. Registration required - rules.

12-10-706. License or registration inactivation.

12-10-707. Errors and omissions insurance - duties of the board - certificate of coverage - when required - group plan made available - effect - rules.

12-10-708. License renewal.

12-10-709. Exemptions - definition - rules.

12-10-710. Originator's relationship to borrower - rules.

12-10-711. Powers and duties of the board - rules.

12-10-712. Powers and duties of the board over mortgage companies - fines - rules.

12-10-713. Disciplinary actions - grounds - procedures - rules.

12-10-714. Hearing - administrative law judge - review - rules.

12-10-715. Subpoena - petty offense.

12-10-716. Immunity.

12-10-717. Bond required - rules.

12-10-718. Fees.

12-10-719. Attorney general - district attorney - jurisdiction.

12-10-720. Violations - injunctions.

12-10-721. Prohibited conduct - influencing a real estate appraisal.

12-10-722. Rule-making authority.

12-10-723. Acts of employee - mortgage loan originator's liability.

12-10-724. Dual status as real estate broker - requirements.

12-10-725. Written disclosure of fees and costs - contents - limits on fees - rules.

12-10-726. Fee, commission, or compensation - when permitted - amount.

12-10-727. Confidentiality.

12-10-728. Mortgage call reports - reports of violations.

12-10-729. Unique identifier - clearly displayed.

12-10-730. Repeal of part - subject to review.

PART 8

HOA INFORMATION AND RESOURCE CENTER

12-10-801. HOA information and resource center - creation - duties - rules - subject to review - repeal.

PART 9

HOME WARRANTY SERVICE CONTRACTS

12-10-901. Definitions.

12-10-902. Purchase of service contract not compulsory.

12-10-903. Contract requirements.

12-10-904. Penalty for violation.

12-10-905. Prohibitions.

12-10-906. Repeal of part - subject to review. (Repealed)

PART 1

COMMON DEFINITIONS