Separate Accounts & Accounting for Colorado Real Estate Brokers

Earlier this month, the Colorado Real Estate Commission adopted rules concerning Money Belonging to Others for deposit by a Broker for services other than Real Estate Brokerage Services. This adoption specifically modifies Rule 5.11, to set a standard and add clarity for Brokers concerning accepting monies from others in these instances. The rule adoptions are effective on July 30, 2020. More info here: ://www.coloradorealtors.com/2020/06/15/real-estate-commission-adopts-new-rules-concerning/