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The Division has a five-member Commission who meet bi-monthly to conduct rulemaking hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against real estate brokers. The five Commission members consist of three real estate brokers, one expert in the area of subdivisions and one member of the public. The Commission members serve a three-year term.
The Division also has a seven-member Board who meet monthly to conduct rulemaking hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against real estate appraisers. The seven-member Board consists of three licensed or certified appraisers, one county assessor, one banker with experience in mortgage lending, and two members of the public. The Board members serve a three-year term.
The mortgage loan originator program has transitioned from a Director model to a five-member Board. Three members are licensed mortgage loan originators and two members represent the public at large. The Board makes final decisions that concern rulemaking hearings, policy decisions, licensing matters, complaints and disciplinary actions taken against mortgage loan originators.
The Conservation Easement Oversight Commission works directly with the Colorado Division of Real Estate and is responsible for advising the Division on matters related to conservation easements, the certification of easement holders and appraisals of conservation easements.The Oversight Commission is comprised of 9 members of which 3 are from state agencies and 6 are appointed by the Governor.