The Division of Real Estate and the Colorado Real Estate Commission, working in conjunction with the Forms Committee, have adopted and finalized the 2018 mandatory contracts and forms. As a reminder, the 2018 contracts and forms are posted for educational purposes and are not for use before January 1, 2018.
In keeping with the overall vision to simplify the forms and reduce the number of changes, the Commission will hold off on any future revisions for this grouping of forms until 2021. However, the Commission approved forms may always be modified if there are any:
court decisions, or
attorney general opinions warranting changes to any of the forms.
VanEd will update our Contracts and Forms Review course in October to help licensees become familiar with the new forms and any changes that you need to be aware of for the coming year!
It is always recommended brokers take a contracts course on the new forms prior to the effective date. In the continued effort to have industry feedback/input drive the forms process, licensees and consumers have the opportunity to offer suggestions on how to improve the forms. You may always submit comments on the forms from the Division’s website.