Colorado § 12-10-724 - Dual status as real estate broker - requirements.
Full text of Colorado Colorado Revised Statutes § 12-10-724 — Dual status as real estate broker - requirements., with citation guidance and answers to common questions.
§ 12-10-724. Dual status as real estate broker - requirements.
(1) Unless a mortgage loan originator complies with both subsections (2) and (3) of this section, he or she shall not act as a mortgage loan originator in any transaction in which:
(a) The mortgage loan originator acts or has acted as a real estate broker or salesperson; or
(b) Another person doing business under the same licensed real estate broker acts or has acted as a real estate broker or salesperson.
(2) Before providing mortgage-related services to the borrower, a mortgage loan originator shall make a full and fair disclosure to the borrower, in addition to any other disclosures required by this part 7 or other laws, of all material features of the loan product and all facts material to the transaction.
(3) (a) A real estate broker or salesperson licensed under part 2 of this article 10 who also acts as a mortgage loan originator shall carry on the mortgage loan originator business activities and shall maintain the person's mortgage loan originator business records separate and apart from the real estate broker or sales activities conducted pursuant to part 2 of this article 10. The activities shall be deemed separate and apart even if they are conducted at an office location with a common entrance and mailing address if:
(I) Each business is clearly identified by a sign visible to the public;
(II) Each business is physically separated within the office facility; and
(III) No deception of the public as to the separate identities of the broker business firms results.
(b) This subsection (3) shall not require a real estate broker or salesperson licensed under part 2 of this article 10 who also acts as a mortgage loan originator to maintain a physical separation within the office facility for the conduct of its real estate broker or sales and mortgage loan originator activities if the board determines that maintaining the physical separation would constitute an undue financial hardship upon the mortgage loan originator and is unnecessary for the protection of the public.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 710, § 1, effective October 1.
Editor's note: This section is similar to former § 12-61-912 as it existed prior to 2019.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 12-10-724
What does Colorado Revised Statutes § 12-10-724 cover?
Section 12-10-724 ("Dual status as real estate broker - requirements.") 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 § 12-10-724?
A common citation format is "Colorado Revised Statutes § 12-10-724" (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 § 12-10-724 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.