Colorado Real Estate License

Definition - What does Colorado Real Estate License mean?

The Colorado Department of Regulatory Agencies manages the licensing of real estate brokers.

The following requirements must be met for a license:
  • Complete approved real estate courses
  • Pass a background check
  • Obtain Errors and Omissions insurance against your license
Real estate courses taken to fulfill requirements must be nationally accredited or approved by the Colorado Department of Private and Occupational Schools (DPOS). Necessary courses cover real estate Law and Practice, Colorado contracts and regulations, Trust Accounts, Record Keeping, Current legal issues, and real estate closings.

PSI Exams administers the exam, which consists of a national section and a state specific section. The national sections covers 80 multiple-choice questions that must be completed within 120 minutes, while the state section covers 74 multiple-choice questions that must be completed within 110 minutes. Individuals need 60 correct answers on the national section and 53 correct answers on the state specific section to pass.

Testopedia explains Colorado Real Estate License

National Exam Content:
  • Property Ownership
  • Land Use Controls and Regulations
  • Valuation and Market Analysis
  • Financing
  • Laws of Agency
  • Mandated Disclosures
  • Contracts
  • Transfer of Title
  • Practice of Real Estate
  • Real Estate Calculations
  • Specialty Areas

State Exam content:
  • Duties and Powers of the Real Estate Commission
  • Licensing Requirements
  • Requirements Governing the Activities of Licensees
  • Additional Topics
  • Colorado Forms and Contracts
  • Record Keeping and Trust Accounts
  • Closing and Settlement
  • Brokerage Relationships
Licenses expire after three years. During those three years, license holders are expected to complete an additional 24 hours of continuing education. Individuals who hold a license must renew within 45 days before or 31 days after their license’s expiration date. If renewal is not performed in a timely manner, licensees must complete the lengthier and more costly reinstatement process.

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