Legal Pot Prompts Wide Review Of Rules On Home Disclosures

COLORADO:  Colorado’s real estate licensing board continues its review of the rules brokers should follow in disclosing past marijuana grows at homes that are for sale, the director of the Colorado Division of Real Estate said Thursday during a visit to Pueblo.

Marcia Waters, addressing the Pueblo Association of Realtors’ quarterly meeting at the Pueblo Convention Center, said the agency expects to release a position paper on the issue by summer.

As part of its work, the agency is reviewing pre-sale disclosure rules for instances such as a homicides, suicides or drug labs in a home’s past, she said. The state Attorney General’s office is assisting in the review, she said.

In the interim, Waters said her advice to brokers is to disclose more rather than less, including if it is known that a property was used for a small marijuana grow operation.