BrokerageIndustry News

Colorado regulator resigns, joins real estate brokerage

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Erin Toll, the Colorado regulator who gained national prominence five years ago with a probe of kickbacks in the title insurance industry, has resigned from her position as director of the Colorado Division of Real Estate and taken a job as a residential real estate broker.Toll had been on paid leave after she was quoted in the news media as saying that a state senator and his mortgage brokerage were under investigation for alleged rule violations. The Department of Regulatory Agencies (DORA) denied that the senator was under investigation.As the controversy escalated, Toll filed a complaint with the state Personnel Board saying she believed she had been targeted for termination, the Denver Business Journal reported. Toll settled the complaint on terms that were not disclosed, the paper said.In announcing Toll's resignation, DORA Executive Director Barbara Kelley called her a "passionate consumer advocate" who will represent her real estate clients "with the same type of...