• A Colorado property management firm is under investigation for allegedly failing to account for funds received; converting, diverting and commingling funds; and other acts.
  • The employing broker of the firm, Holly Dalton/Holly Nuss, is facing license revocation and a maximum fine of $35,000.

A property management firm broker had her license suspended because the Colorado Real Estate Commission found evidence of alleged misconduct, including failing to deliver monthly rental proceeds.

Holly Dalton (also known as Holly Nuss) is the employing broker for Premiere Properties and Management, also doing business as Encore Properties.

Investigators with the state Department of Regulatory Agencies’ (DORA’s) division of real estate received “numerous complaints” from property owners who said that Dalton also failed to account for tenants’ security deposits and wouldn’t respond to email or phone messages, the commission said in a statement.

It issued a subpoena for Dalton’s business bank records and examined those records after “several attempts” to conduct an on-site financial audit were “unsuccessful.”

“The license law requires that all money received in connection with property management agreements, such as rents and security deposits, be placed in an escrow account,” said DORA Director Marcia Waters in a statement.

“There are stringent regulatory requirements for real estate brokers who handle the funds of others. These regulations are in place to ensure that consumers feel confident that the real estate brokers they conduct business with are honest, knowledgeable and competent.”

Dalton is facing license revocation, along with a maximum fine of $35,000, for the following violations:

  • Failure to account for funds received
  • Converting, diverting, commingling funds
  • Unworthy, incompetent practice
  • Dishonest dealing
  • Record keeping requirements

Earlier this year, the Better Business Bureau (BBB) of Southern Colorado issued a warning to consumers, advising them not to do business with Dalton’s property management firm.

The BBB cited complaints about the brokerage’s failure to respond to written and verbal communications from property owners, and the withholding of funds for “unsubstantiated work.”

Email Marian McPherson

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription