Which entity is responsible for regulating the real estate industry?
Regulation of Real Estate Licenses
The DRE was formed to act as the entity that administers the regulations and oversees the licensing process. The department is in charge of: Granting real estate salesperson licenses.
Does Colorado law dictate the ethical standards for the real estate industry?
Does Colorado law dictate the ethical standards for the real estate industry? Colorado License Law does NOT cover ethical standards. … Indirectly through public wrongs (the law of crimes). Indirectly through private wrongs (the law of torts).
Which of the following is exempt from the real estate licensing law in Colorado?
In Colorado, who of the following is exempt from real estate license law? Investor who owns 12 investment properties and sells one to an owner-occupant. An associate broker terminates with a broker. The employing broker refuses to turn the license over to the Commission.
What is the salary for real estate agents?
The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.
What is the primary distinction between legal concepts of real estate and real property?
The primary distinction between the legal concepts of land and real estate is that real estate is indestructible. … real property includes ownership of a bundle of rights. land does not include man-made structures.
How many members make up the Colorado Real Estate Commission?
The five Commission members consist of three real estate brokers, one of whom has substantial experience in property management, and two members of the public. The Commission members serve a three-year term.