Colorado § 38-33-113 - License to sell condominiums and time shares.
Full text of Colorado Colorado Revised Statutes § 38-33-113 — License to sell condominiums and time shares., with citation guidance and answers to common questions.
§ 38-33-113. License to sell condominiums and time shares.
The general assembly hereby finds and declares that the licensing of persons to sell condominiums and time shares is a matter of statewide concern.
Source: L. 83: Entire section added, p. 594, § 5, effective May 25.
Cross references: For the licensing of real estate brokers and salespersons, see article 10 of title 12.
ANNOTATION
Law reviews. For comment, "State and Local Regulation of Timesharing in Colorado", see 56 U. Colo. L. Rev. 289 (1985).
38-33.3 ARTICLE 33.3
Colorado Common Interest Ownership Act
PART 1
GENERAL PROVISIONS
38-33.3-101. Short title.
38-33.3-102. Legislative declaration.
38-33.3-103. Definitions.
38-33.3-104. Variation by agreement.
38-33.3-105. Separate titles and taxation.
38-33.3-106. Applicability of local ordinances, regulations, and building codes.
38-33.3-106.5. Prohibitions contrary to public policy - patriotic, political, or religious expression - public rights-of-way - fire prevention - renewable energy generation devices - affordable housing - drought prevention measures - child care - fire-hardened building materials - operation of businesses - definitions.
38-33.3-106.7. Unreasonable restrictions on energy efficiency measures - definitions.
38-33.3-106.8. Unreasonable restrictions on electric vehicle charging systems and electric vehicle parking - legislative declaration - definitions.
38-33.3-107. Eminent domain.
38-33.3-108. Supplemental general principles of law applicable.
38-33.3-109. Construction against implicit repeal.
38-33.3-110. Uniformity of application and construction.
38-33.3-111. Severability.
38-33.3-112. Unconscionable agreement or term of contract.
38-33.3-113. Obligation of good faith.
38-33.3-114. Remedies to be liberally administered.
38-33.3-115. Applicability to new common interest communities.
38-33.3-116. Exception for new small cooperatives and small and limited-expense planned communities.
38-33.3-116.3. Large planned communities - exemption from certain requirements.
38-33.3-117. Applicability to preexisting common interest communities.
38-33.3-118. Procedure to elect treatment under the "Colorado Common Interest Ownership Act".
38-33.3-119. Exception for small preexisting cooperatives and planned communities.
38-33.3-120. Amendments to preexisting governing instruments.
38-33.3-120.5. Extension of declaration term.
38-33.3-121. Applicability to nonresidential planned communities.
38-33.3-122. Applicability to out-of-state common interest communities.
38-33.3-123. Enforcement - limitation.
38-33.3-124. Legislative declaration - alternative dispute resolution encouraged - policy statement required.
PART 2
CREATION, ALTERATION, AND TERMINATION OF COMMON INTEREST COMMUNITIES
38-33.3-201. Creation of common interest communities.
38-33.3-202. Unit boundaries.
38-33.3-203. Construction and validity of declaration and bylaws.
38-33.3-204. Description of units.
38-33.3-205. Contents of declaration.
38-33.3-206. Leasehold common interest communities.
38-33.3-207. Allocation of allocated interests.
38-33.3-208. Limited common elements.
38-33.3-209. Plats and maps.
38-33.3-209.2. Declarant duties - reserve study.
38-33.3-209.4. Public disclosures required - identity of association - agent - manager - contact information.
38-33.3-209.5. Responsible governance policies - due process for imposition of fines - procedure for collection of delinquent accounts - enforcement through small claims court - definitions.
38-33.3-209.6. Executive board member education.
38-33.3-209.7. Owner education.
38-33.3-210. Exercise of development rights.
38-33.3-211. Alterations of units.
38-33.3-212. Relocation of boundaries between adjoining units.
38-33.3-213. Subdivision of units.
38-33.3-214. Easement for encroachments.
38-33.3-215. Use for sales purposes.
38-33.3-216. Easement rights.
38-33.3-217. Amendment of declaration.
38-33.3-218. Termination of common interest community.
38-33.3-219. Rights of secured lenders.
38-33.3-220. Master associations.
38-33.3-221. Merger or consolidation of common interest communities.
38-33.3-221.5. Withdrawal from merged common interest community.
38-33.3-222. Addition of unspecified real estate.
38-33.3-223. Sale of unit - disclosure to buyer. (Repealed)
PART 3
MANAGEMENT OF THE COMMON INTEREST COMMUNITY
38-33.3-301. Organization of unit owners' association.
38-33.3-302. Powers of unit owners' association.
38-33.3-302.5. Unit owners' access to common elements - duties of association - unreasonable restrictions and prohibitions prohibited - notice of restriction or prohibition required.
38-33.3-303. Executive board members and officers - powers and duties - reserve funds - audit.
38-33.3-303.5. Construction defect actions - disclosure - approval by unit owners - definitions - exemptions.
38-33.3-304. Transfer of special declarant rights.
38-33.3-305. Termination of contracts and leases of declarant.
38-33.3-306. Bylaws.
38-33.3-307. Upkeep of the common interest community.
38-33.3-308. Meetings.
38-33.3-309. Quorums.
38-33.3-310. Voting - proxies.
38-33.3-310.5. Executive board - conflicts of interest - definitions.
38-33.3-311. Tort and contract liability.
38-33.3-312. Conveyance or encumbrance of common elements.
38-33.3-313. Insurance.
38-33.3-314. Surplus funds.
38-33.3-315. Assessments for common expenses.
38-33.3-316. Lien for assessments - liens for fines, fees, charges, costs, and attorney fees - limitations - definition.
38-33.3-316.3. Collections - limitations - violations.
38-33.3-316.5. Time share estate - foreclosure - definitions.
38-33.3-317. Association records - rules - timely transfer of association money and records to new management company or the association - penalty - civil action - damages - attorney fees.
38-33.3-318. Association as trustee.
38-33.3-319. Other applicable statutes.
PART 4
REGISTRATION
38-33.3-401. Registration - annual fees - data collection and enforcement actions.
38-33.3-402. Manager licensing - condition precedent for enforcement of contract terms. (Repealed)
PART 1
GENERAL PROVISIONS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-33-113
What does Colorado Revised Statutes § 38-33-113 cover?
Section 38-33-113 ("License to sell condominiums and time shares.") 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 § 38-33-113?
A common citation format is "Colorado Revised Statutes § 38-33-113" (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 § 38-33-113 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.