Denver — In its Dec. 2 public meeting the Colorado Real Estate Commission reviewed a lengthy enforcement agenda and approved disciplinary recommendations across a range of investigations into property-management accounting, alleged misappropriation, altered disbursement documents, and other violations.

Notable actions included a recommendation approved to pursue aggressive discipline and a referral to the attorney general in a case where auditors found substantial commingling of trust funds and alleged unpaid owner and tenant balances. The commission also approved fines, coursework and diversion in smaller audits and increased fines or added coursework in cases where staff recommended additional sanctions.

Several cases drew particular attention:
- Complaint 2025-352: Commissioners approved staff recommendations to seek strong discipline (including an AG referral) after an audit found approximately $1.0M+ in trust and rental funds under the respondent's control with alleged shortfalls to owners and tenants. The commission asked staff to bring criminal referral material to the AG.
- Complaint 2024-028: The commission accepted staff recommendations to pursue a final agency order, revocation and referral to law enforcement for a respondent accused of submitting owner-occupant fraud to obtain preferential lending terms across multiple transactions; a maximum fine was recommended.
- Multiple matters involving altered paperwork or unauthorized signatures: The commission approved public censure with fines and, in at least one instance, revocation where investigators presented metadata and document trails that indicated post-hoc changes to disbursement instructions.

Commissioners frequently modified staff recommendations to increase or adjust fines, add coursework in contracts and ethics, or substitute suspension for revocation in cases where the panel wanted a corrective period rather than permanent removal of a license. In a handful of matters the commission also voted to refer matters to other regulators (for example, to the Division of Insurance) where licensees also held insurance-related credentials.

The commission emphasized that staff will draft final agency orders where motions passed and that those orders will be mailed to affected parties in due course.