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Real Estate Commission adopts closing‑statement change to distinguish surveys from ILCs
Summary
The Colorado Real Estate Commission on April 5 adopted a modification to its commission‑approved closing statement that separates ‘survey’ from ‘improvement location certificate’ after testimony from county surveyors and staff; adoption is expected to prompt DORA to seek postponement of related legislation.
The Colorado Real Estate Commission on April 5 adopted a revision to its commission‑approved closing statement form that explicitly separates a property survey from an improvement location certificate (ILC). Chair Michelle Espinosa opened a non‑rulemaking hearing and said the commission would accept oral and written testimony before closing the public record at the hearing’s end.
Division of Real Estate staff told commissioners that House Bill 22‑1036 would have required the commission to clarify whether a consumer is receiving a…
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