HB 18-1227

House Bill 18-1227, also known as "Real Estate Commission Flexibility In License Periods," allows the Colorado real estate commission more flexibility in managing license expiration dates. Previously, licenses expired on a specific anniversary date three years after issuance; now they expire on December 31 of the third year after issuance. The bill gives the commission the ability to issue new licenses that expire at the end of the calendar year they were issued, helping ease the transition to this new system. Since it has been signed into law, real estate agents in Colorado can expect their license expiration dates to be managed according to these new guidelines.

Official Summary

Recent legislation changed the expiration dates of real estate licenses from an anniversary date 3 years after the date of initial issuance to December 31 of the third year after issuance and did not allow the real estate commission a period to transition licenses. To allow more flexibility in transitioning from the anniversary date system to the calendar-year system, the bill authorizes the commission to issue licenses that expire on December 31 of the year of issuance. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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