PROPERTY MANAGEMENT AND COLORADO LAW
If a company is managing other peoples property and is soliciting tenants, executing leases, collecting rents and security deposits, supervising repairs and improvements, and collecting a fee for such services, that person or company is performing property management and must be a licensed Realtor in the State of Colorado. If they have more than one broker performing work they must have a Managing Broker to be sure they are complying to all state and local regulations. This does not apply to Resort or Short-term rental properties.
If they aren't licensed... beware. They are not operating legally!!
If they are not a Real Estate Broker or Brokerage the Real Estate Commission won't be able to accept a complaint against them.
If they disregard the basic requirements for being licensed in Colorado they probably won't follow the law when it applies to their tenants issues.
Additionally, if the property manager is employed by another broker their business is required to be conducted only in the licensed name of the employing broker. In other words... If their license is with Metro Brokers for real estate they must use forms and contracts that have Metro Brokers on them and all documents must be reviewed by their managing broker.
WE ARE ONE OF THE FEW MAJOR COLORADO REAL ESTATE COMPANIES THAT ALLOWS OUR REALTORS TO BE PROPERTY MANAGERS. What does that mean? It means you will get a more talented and knowledgeable Property Manager from us than some Lone Wolf Independent agent out there with no supervision or direction.