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Course Description
Each year, the Colorado Real Estate Commission (CREC) develops a four-hour Annual Commission Update Course that covers important information about recent regulatory changes and practice issues. All active real estate brokers in Colorado are required to attend the course each year and pass the exam. The course has important information about current statutes and rules promulgated by the Commission. You are strongly encouraged to attend the course early in the calendar year.
Course Objectives
This course includes Video, PowerPoint Training, a Course Handout for taking notes, and your CE Certificate.
Broker Statistics Section Objectives:
For students to understand the most common complaints, common results of
violations, the ongoing continuing education requirements for licensees, and
learn more about the continuing education audit process.
- Investigative Statistics
- Common Complaint Types
- Unworthy, Incompetent Practice
- Disclosure of Adverse Material Fact
- Misrepresentation
- Conflicts of Interest
- Violation of Any
- Commission Rule
- Common Results For Violations
- Continuing Education Requirements
Compliance
For Brokers to gain awareness of actions necessary to enable compliance with
several important regulatory areas.
- Back To Basics (Introduction Slide)
- Uniform Duties of a Broker
- Contractual Contingencies
- Conflicts of Interest/Joint
Ventures/Affiliated Business
Disclosures - Property Management & Leasing
- Artificial Intelligence In Your Practice
General Practice Issues Objectives
By learning from situational guidance, students will be able to better prepare for
and respond to practice issues encountered in their practice.
- Holding Money For Others
- Payment of Success Fee (Commission)
- From A Closed Transaction Directly to
Broker - Purchasing Properties “Subject To”
- Financing
- Encumbrances On Title
Contracts & Forms Objectives
With a highlight of changes made to various existing CREC-approved contracts and forms and new forms created and approved by CREC, students will be able
to better serve their clients.
- Contracts & Forms For Educational
Purposes - Metropolitan Districts/Special Taxing Districts
- New Contracts & Forms for 2024
- Manufactured Homes
- Other Changes to Contracts & Forms
Legislation Objective
Students will have a better understanding of the numerous new laws that have taken effect since the end of the legislative session and have the availability to
use these resources throughout the year.
- Metropolitan Districts & Common Interest
- Communities Legislation
- Property Management Legislation
- Other Laws Affecting Real Estate
Commission News & Resources Objectives
The Commission diligently works to keep licensees and the general public
abreast of current events and happenings at the Division and with the
Commission. Students will gain an awareness of key materials, which will help
facilitate the licensee’s access to relevant and up-to-date information.
- New Licensing System
- 2024 Colorado Real Estate Manual
- Division of Real Estate Website
Resources - Feedback From Students and
Instructors