What happens if my Colorado real estate license expires?

Successful reinstatement of an expired license will move that license from an Expired status to an Inactive status. … Reinstatement is only available for 3 years past the date of license expiration. Any licensee who fails to reinstate within 3 years of license expiration date must reapply for that license.

How long can a real estate license be inactive 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 do I renew my real estate license in Colorado?

How to Renew a Colorado Real Estate License

  1. Complete 12 Credit Hours of Annual Commission Update Courses. …
  2. Complete 12 Hours of Elective Credits. …
  3. Complete the Required CE Prior to Your License Renewal Date.

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.

IT IS INTERESTING:  Can I buy a house and put it in my child's name UK?

Does Colorado have reciprocity for real estate license?

Colorado real estate license reciprocity, for example, offers license reciprocity for all 50 states. If you’re moving from any US state to Colorado, you don’t need to re-take all your real estate courses. You can simply apply to take the state portion of the Colorado real estate exam.

How are real estate commissions determined in Colorado?

The standard commercial real estate commission in Colorado is 6 percent of the sales price. Fees are still negotiable, and high-end properties usually have lower commission fees. … Make sure you understand how much of a commission your real estate agent is taking from your purchase before you work with them.

What disqualifies you from being a real estate agent in Colorado?

Colorado forgery crimes. fraud in obtaining property or services (such as the Colorado crime of check fraud) fraudulent and deceptive sales and business practices. bribery.

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.