The Colorado Real Estate Commission has revoked the real estate broker license of JoLinda Wilson following an investigation into complaints about her professional conduct. The decision, executed by Marcia Waters, Director of the Division of Real Estate, came in a Final Agency Order issued on October 16, 2024.
Wilson, who operated out of Greeley, Colorado, was found to have violated license laws in two separate real estate transactions involving large earnest money deposits. In both cases, Wilson required buyers to deposit substantial sums—$100,000 and $500,000 respectively—as earnest money for the purchase of a property in Greeley. When each transaction failed to close, she did not return the deposits and instead used portions for personal expenses.
The Division’s investigation also uncovered that Wilson owned and ran Pearl Societies, Ltd., an estate sale company registered at the same Greeley address. After conducting an estate sale for a client who paid $500 upfront, Pearl Societies did not provide any proceeds from the sale to the client. This resulted in a default judgment against Pearl Societies in Larimer County District Court for over $48,000.
Director Waters commented on the case: “Division of Real Estate investigations, like this one, require thorough research and cooperation with the Office of the Attorney General and other law enforcement agencies. This Final Agency Order is a prime example of where Division investigators, leading the charge, obtained a timely and effective resolution which protects the public from future harm. Controlling law and regulations clearly set forth the requirements for the broker profession, but in particular, when they hold money for the benefit others. Abuse by a licensee of these requirements and the public’s trust is unacceptable.”
The Division emphasized that its authority is limited to enforcing license law against real estate licensees and does not extend to seeking civil restitution on behalf of consumers or releasing investigative files due to statutory restrictions.
Individuals who believe they may have been affected by similar actions are encouraged to file a complaint with the Division at https://dre.colorado.gov/, seek legal advice through resources such as cobar.org or by contacting (303) 860-1115, or reach out to local law enforcement agencies where their property is located.
