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I got an email this week from DORA (Colorado Department of Regulatory Agencies) about the number of Mortgage professionals who just had their licenses inactivated; and realized it was a great idea for a blog post.
According to an article in 5280, The Colorado Division of Real Estate inactivated 4,560 mortgage-broker licenses—more than 
half the licenses in the state—because brokers didn’t keep up with their licensing paperwork. It’s unclear how many of those brokers remain active, but some may have simply left the business as the economy struggles.
Also, according to an article in the Denver Post ” More than half of Colorado’s mortgage brokers have had their licenses inactivated because they failed to comply with new education and testing requirements that took effect early last month. The Colorado Division of Real Estate on Monday inactivated 4,560 licenses of brokers who have failed to comply with the law. About a third of those were held by out-of-state brokers.
Real Estate License Requirements
As a Realtor, there are many things I have to do to keep my license in good standing, including Read the rest of this entry »
