Explanation: Subdividing any residential property into 20 or more units for sale, transfer, lease or timeshares must be registered with the Colorado Real Estate Commission.
Which subdivision of 20 or more interests in real estate must register with the Colorado real estate commission?
Required Subdivision Developer Registration TypesAny division of real property into twenty (20) or more interests intended solely for residential use, with each interest comprising thirty-five (35) or more acres of land offered for sale, lease or transfer.
What does the Colorado commission Rule E 35 require?
Colorado Real Estate Commission Rule E-35 requires disclosure of existing brokerage relationships before: collecting a. scheduling or holding an open house. qualifying a prospect. meeting with a prospect.
What is the commission for commercial real estate in Colorado?
The standard commercial real estate commission in Colorado is 6 percent of the sales price. Fees are still negotiable, and high-end properties usually have lower commission fees.
What is a subdivision in Colorado?
(3) (a) “Subdivision” means any real property divided into twenty or more interests intended. solely for residential use and offered for sale, lease, or transfer.
What is an employing broker in Colorado?
An employing broker must have the experience and knowledge sufficient to employ and adequately supervise other brokers, as appropriate to the broker's area of supervision.