Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Colorado or anyone looking to become a real estate agent or realtor in Colorado. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The Colorado Department of Regulatory Agencies supervises all real estate activity
in the state under its Division of Real Estate. The goal of the Division of Real
Estate is to promote a balanced and sensible approach to regulation that protects
the public interest and supports economic growth. There are two sections to the
Division of Real Estate: The Real Estate Commission, and the Board of Real Estate
Appraisers.
The
Colorado
Real Estate Commission handles all aspects of licensing of those who hold,
or apply to hold, a
real estate broker license.
The Colorado Division of Real Estate
recognizes
the real estate agent licenses of 26 other states. Those holding real estate licenses
in those states qualify for a Colorado real estate license without further Colorado
real estate education or examination requirements. Colorado also accepts applicants
from nine other states for limited examination and/or pre-licensing education.
Applicants for a
Colorado real estate license need to provide proof of
honesty, truthfulness and good moral character. An applicant shall also submit
a set of fingerprints for investigation purposes along with a $39.50 fee to the
Colorado Bureau of Investigation. An additional fee for processing the fingerprints
shall also be paid.
Colorado
law recognizes three levels of real estate agent licenses:
Applicants for a
real estate Associate Broker license in Colorado do not need previous licensure
or experience in the profession. They can be inactive or be employed by an employing broker.
168 hours of real estate courses are required before taking the
real estate exams if the
applicant has no prior experience or education. Those with some real estate experience or education,
whether from Colorado or from other states, receive a prorated number of required real estate courses.
College graduates with a major in real estate do not need further real estate classes. However,
they must still pass the real estate exams.
Applicants for a
real estate Independent Broker license in Colorado are required to have
two years of active experience. After licensing they may be inactive or self-employed (without employing
other licensees), or they may choose to be employed by an employing broker. If they have an
Associate Broker license in Colorado they are not required to have any further classes in Colorado,
as this training was obtained to get their Associate Broker license. These applicants still need
to pass the
real estate exams. The licensed applicants from other states receive credit for
a portion of the real estate courses, and they still need to pass the Colorado portion of the real estate exams.
Applicants for a
real estate Employing Broker license in Colorado are required to have the
two years of active experience, plus complete 24 hours of real estate agent �Brokerage Administration�
training. After licensing they may be inactive, practice independently, be employed by another employing broker,
or employ and supervise other licensees. Applicants for the real estate Employing Broker license
who are licensed in another state or whose Colorado real estate license expired more than three years
ago are required to take certain Colorado real estate courses, but not as many hours. College graduates
majoring in real estate need to take an additional 24 hours of Brokerage Administration training in
Colorado, plus pass the
Employing Broker real estate exams and have two years active
employment as a Colorado real estate agent.
All applicants must apply for their license within one year from the date of passing the entire examination.
The license forms cannot currently be filed online.
You can find full information on
Colorado
real estate schools online. The Colorado Division of Real Estate does not
review or pre-approve courses in real estate continuing education in Colorado.
Effective August 9, 2005, the
real
estate broker fees changed. The new license fee is $190.00 and the renewal
fee for the broker license is $84.00. The Broker examination fee is $74.00.
Real estate jobs are plentiful in the state and experts anticipate continued
growth.
Colorado real estate careers are strengthened by membership in
the many organizations that provide real estate jobs for the industry. The professional
holding a Colorado license joins with organizations like the
Colorado
Association of Realtors and the National Association of Realtors (
http://www.realtor.org).
The Association of Real Estate License Law Officials (
http://www.arello.org)
(ARELLO) provides excellent support for real estate professionals.
We also offer information and resources for Colorado Commercial Mortgage