DENVER - The Division of Real Estate (Division), within the Colorado Department of Regulatory Agencies (DORA), strives to protect consumers through its regulatory efforts to license real estate professionals, enforce the licensing laws, and take disciplinary action against real estate licensees that violate those laws.
- Are you looking to protect yourself from real estate fraud?
- Do you know what to watch out for regarding home equity skimming or timeshare scams?
- Are you wondering about the best way to find a licensed real estate professional?
- Ever thought of how these professionals work with you in selling or purchasing a home?
The Division licenses and enforces action against real estate brokers, appraisers, and mortgage loan originators. It also provides information, education, and outreach regarding these licensed professionals and their duties to consumers. The Division also houses the HOA Information and Resource Center, which is an information and education resource to help consumers understand their rights and responsibilities of living in an HOA.
Here are some consumer protection educational resources from the Division: Protect Your Nest Egg
Take 5 to Get Wise and learn how to protect your real estate nest egg. Watch here.
Be Protected Against Home Equity Skimming Schemes
Many Colorado consumers may be experiencing some financial hardship at this time, and with the thought of losing one’s home through foreclosure, may be approached by a “savior in disguise.” The Division has become aware of a new twist to the home equity skimming scams through the use of HOA liens. Learn how to protect yourself.
How to Recognize a Timeshare Scam
The Division has received multiple calls regarding timeshare resale scams targeting Colorado and out-of-state consumers. Timeshare owners are cold-called, mailed or emailed solicitations from an unlicensed business entity purporting to be a full service property management company, real estate brokerage, or title and escrow company that lists and sells timeshares. Get tips on how to avoid being scammed.
The HOA Information and Resource Center
The HOA Information and Resource Center serves as a resource for consumers to understand their basic rights and responsibilities under the Colorado Common Interest Ownership Act (CCIOA). The HOA Center is dedicated to providing consumers important information and resources through timely email blasts, informational publications, live webcast forums and monthly news updates. Learn more about the HOA Information and Resource Center.
Working With Licensed Real Estate Professionals
The sale or purchase of a home involves one of the largest investments that a person undertakes during their lifetime. It can be a complex, confusing, and intimidating process for any person to handle on their own. A licensed real estate professional can assist by explaining and making you more comfortable with his process and by using their knowledge and expertise to make sure the transaction goes smoothly. Learn about the licensed real estate professionals that can assist you.
On the Division’s website, you can search for a licensed real estate professional, as well as checking to see if there is any public discipline against them.
Understanding the complaint process Watch here.
What is the Process of Selling or Buying a Home?
Whether selling or buying a home, maneuvering through a real estate transaction can be a daunting task for many. It is not that often that the average person is involved in the real estate process during their lifetime. The real estate transaction itself has many components.
About the Division of Real Estate:
The Division of Real Estate is the state licensing, regulation and enforcement agency for the real estate broker, appraiser, and mortgage loan originator industries. DORA is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer protection is our mission. Visit www.dora.colorado.gov for more information or call 303-894-7855/toll free 1-800-886-7675 outside Denver.
DORA is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. Consumer protection is our mission. Visit dora.colorado.gov for more information or call 303-894-7855 / toll free 800-886-7675.