How long can a real estate license be inactive in Colorado?
When a license is inactive for more than three years, a broker will have to take the following steps to reactivate it: Complete 24 hours of real estate closing instruction and 48 hours covering contracts. Pass the state-specific portion of the licensing exam.
How much does it cost to renew real estate license in Colorado?
The Colorado Division of Real Estate does not review or pre-approve courses in real estate continuing education in Colorado. Real estate broker fees have changed and are as follows. The new license fee is $500.00 and the renewal fee for the broker license is $195.00.
How do I get my real estate license inactive in Colorado?
If you submit a broker license application without current E&O insurance or without identifying an employing broker, your license will be designated inactive. An active broker can also request that their license be made inactive.
What is the hardest state to get a real estate license?
Hardest States to get a Real Estate License
Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.
What is the pass rate for the Colorado real estate exam?
What Is the Pass Rate on the Colorado Real Estate Exam? The average pass rate for all real estate education providers is 86.14% for the National portion and 68.22% for the Colorado portion.
Who is exempt from the Colorado real estate license Law?
In Colorado, who of the following is exempt from real estate license law? Investor who owns 12 investment properties and sells one to an owner-occupant. Inactive licensee assisting friends in filling out purchase offers and negotiating deals.
What happens if your real estate license expires in Colorado?
If you wish to reinstate your expired license you must submit a reinstatement application and include the appropriate documents and fees. Once your application, documents and fees are received, your license expiration date will be set to December 31 of the year of reinstatement.
How do you renew your real estate license in Colorado?
How to Renew a Colorado Real Estate License
- Complete 12 Credit Hours of Annual Commission Update Courses. …
- Complete 12 Hours of Elective Credits. …
- Complete the Required CE Prior to Your License Renewal Date.
How many times can you take the Colorado real estate exam?
You can take the state broker license exam as many times as necessary to pass both the national and state portions. The fee to retake both sections or a single section is $42.50.
What disqualifies you from being a real estate agent in Colorado?
Colorado realtors may have their real estate licenses suspended or revoked if they get convicted of a Colorado felony. And having a criminal past can prevent aspiring agents from getting a license in the first place.
How much money does a real estate agent make in Colorado?
The average salary for a real estate agent in Colorado is around $60,990 per year.