On October 16, 2024, the Colorado Division of Real Estate issued a Final Agency Order that publicly censures, fines, and revokes the real estate broker license of JoLinda Wilson (License IL.40012621). Wilson operated as a broker at 310 18th Street in Greeley, Colorado.
The Colorado Real Estate Commission directed the Division to investigate after receiving complaints about Wilson’s conduct. Evidence of violations led to case RC 2024-0005 being filed with the Colorado Office of Administrative Courts on March 8, 2024. An Initial Decision was made on September 11, followed by the Final Agency Order.
The investigation found that Wilson listed a property in Greeley for $10 million and arranged for buyers to deposit earnest money—first $100,000 and later $500,000—into accounts she controlled. When both transactions failed to close, Wilson did not return the deposits and instead used some of these funds for personal expenses. The investigation concluded that Wilson failed to properly account for the deposits and was not entitled to keep them once deals collapsed.
A separate inquiry revealed that Wilson owned Pearl Societies, Ltd., an estate sale company also based at her Greeley address. After conducting an estate sale for a client who paid $500 upfront, Pearl Societies did not deliver any proceeds from the sale. The client later won a default judgment in Larimer County District Court against Pearl Societies for $48,222.28.
Director Marcia Waters commented on the process: “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 noted its jurisdiction is limited to enforcing license law among real estate professionals and does not include authority to recover damages or restitution for consumers. Investigation files are closed by statute.
Those who believe they have experienced similar issues are encouraged to file complaints with the Division at https://dre.colorado.gov/, consult an attorney through resources such as cobar.org or by calling (303) 860-1115, or contact local law enforcement.
