Colorado real estate laws include many statutes covering several areas.
In general, they deal with a range of issues, including the landlord-tenant relationship and more.
A real estate attorney can help an individual willing to buy, sell, hire or even lease property by guiding them through the many underlying aspects of real estate law.
What Colorado real estate laws cover
Real estate laws in Colorado are diverse, and attorneys can deal with the issues involved such as the following:
- Acquisition
- Financing and contracts
- Brokerage law
- Frauds and license breaches
- Litigations
- Foreclosures and title exchanges
- Taxation, sale, and disposition
- Ownership issues
Colorado real estate laws governed by the Department of Regulatory Agencies (DORA)’s Division of Real Estate.
The Colorado Division of Real Estate governs:
- Real estate brokers
- Mortgage loan originators.
- Appraisal management companies
- Community association managers and management companies
The Division of Real Estate also has the power to force the home seller to maintain professional standards regarding licensing laws.
If any home buyer thinks that the home seller is violating the Colorado real estate laws, they can file a complaint.
Buyer’s remedies
There are several reasons to file a complaint against the home seller to get the buyer’s remedies.
Under Colorado real estate laws, when the seller breaks any contract rules and fails to perform as per the contract, then a buyer may file a suit or complaint against him.
If the license law does not cover the behavior, then it will not be treated by Colorado’s Division of Real Estate jurisdiction.
In that case, the complaint should file through a civil procedure such as mediation, arbitration, or litigation through the state’s local civil law.
How to file a complaint?
A home buyer can file a complaint to the Division of Real Estate using the online complaint process.
Alternatively, if the buyer wants to file a complaint in paper form, they can collect a form from the Colorado Real Estate Division.
The information required to file a complaint
- The seller name you want to make a complaint against
- You can also file a complaint (https://docs.google.com/document/d/1lQDwfTXxQf4rV2nulKtSM1nfNA-raM7U57u7qrm0ap8/edit) against the brokers or a company dealing with the process
- If you have to file a complaint against a person that doesn’t have a license, you can still file a complaint by following the online process.
- You can also submit supporting documents that will help you get the remedies.
What will be the outcome?
After filing your complaint, an investigation will take place. It may take up to 12 months to complete depending on its complexity.
The licensing board or commission has the power under Colorado real estate laws to maintain the license by several sanctions.
For example, they can suspend the license of the seller for a period or permanently.
To get financial remedy or compensation, a buyer may file a lawsuit in the state’s local court that has the jurisdiction to take such cases.
First, the court will evaluate your complaint and will then give the proper remedies or compensation that due.
If you are facing such problems, then we suggest you contact a qualified attorney.
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