How Long Does It Take To Get A Real Estate License In Colorado
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Steps to Get Your CO Associate Banker's License
The Colorado Real Estate Commission (CREC) requires completion of the following steps in order to receive an Associate Broker Real Estate License in the country of Colorado.
- Complete the 168 Hours of Didactics
- Pass the Course Test
- Pass the Broker Exam (State & National Sections)
- Submit Fingerprints
- Provide Proof of E&O Insurance
- Apply for Your License Online
View the detailed steps beneath or click the infographic to help visualize the process. Learn more about the process through the Division of Real Estate.
Steps to Get a Colorado Real Estate License
Prerequisites
- Y'all must be at least 18 years sometime to get started.
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Complete 168-Hours of Pre-Licensing Courses
Complete 168 hours of education from a state-certified real estate school. The 6 courses required are:
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Laissez passer the Pre-License Course Terminal Exam
When you have completed each of the 6 courses in the 168-Hour Licensing Package, you must pass a class concluding exam that volition prepare you to pass the licensing examination.
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Pass the Real Estate Exam
Take and pass both the national and country portions of the Colorado Banker Exam at a PSI test eye. Yous must respond sixty out of lxxx questions correctly with a score of 75% or college to pass the national section. Additionally, you must respond 53 out of 74 questions correctly with a score of 71.5% or higher to laissez passer the state-specific section of the exam.
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Submit Fingerprints and Complete a Background Bank check
Consummate your groundwork check requirement. This consists of submitting a set up of fingerprints to the Colorado Bureau of Investigation. These fingerprints are used to conduct a land and federal fingerprint-based criminal history background bank check and assessment.
Options for Getting Fingerprints
Department of Regulatory Agencies (DORA) requires fingerprint transmission through a Colorado Bureau of Investigation (CBI) canonical provider. Yous have the following iii options for choosing a provider.
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Option 1: IdentoGo
IdentoGo centers are located across the country of Colorado and the US. You must schedule an appointment equally walk-ins are non allowed.
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Option 2: Colorado Background Applicant Services (CABS)
Y'all may also become fingerprints from CABS. Additionally, walk-ins are not permitted and you must schedule an date through their website. Brokers must provide the following license code upon requesting an appointment. 0800REEI.
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Selection 3: Fingerprint Card with Electronic Transfer
If yous are unable to locate a concrete location almost y'all or reside exterior the state, you may apply this pick for submitting your fingerprints. If you select this method, be sure to use FBI fingerprint card FD-258.
In one case your groundwork bank check is processed, any discrepancies on your Colorado arrest record tin be challenged and corrected by following the instructions located on CBI's website.
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Provide Proof of Errors & Omissions Insurance
Provide proof of Errors & Omissions Insurance after obtaining an E&O insurance policy. Larn more about obtaining group Eastward&O Insurance Policies at risceo.com.
Every active real estate licensee, including licensed real manor companies with more one banker, shall accept in effect a policy of errors and omissions insurance to cover all acts requiring a license.
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Utilise for Your License
The Colorado Division of Existent Manor uses online eLicense services for new licensees applying online for their broker license. Applications tin can take up to x business organisation days from the fourth dimension of receipt for the Partitioning to process the request. The initial banker awarding fee is $485.00.
Please Note:
Completing VanEd's pre-licensing coursework is only the outset pace toward obtaining your Colorado real estate license. VanEd tin assistance you complete each stride in the licensing process higher up.
How Much Does It Cost to Get Your License in Colorado?
The cost of obtaining your license can vary depending on the grade tuition and the toll of your E&O insurance. Nevertheless, on average, students can expect to pay between $950-$ane,000 for a license.
Course Tuition | $400-$500 |
---|---|
Fingerprinting Fees (vary by location) | $twenty.00-$twoscore.00 |
Groundwork Cheque | $39.50 |
Errors & Omissions Insurance (varies - check with your before long-to-be Managing Broker) | $200.00-$400.00 |
Awarding Fee | $485.00 |
Full | $950.00-$1,050 |
How Long Does It Take to Get a Real Manor License in Colorado?
The entire process from taking the required pedagogy to receiving your license takes anywhere from ii to four months.
While VanEd students take a total year to consummate their coursework, most stop in less than 6 months. Fingerprinting and the background bank check take anywhere from ii to vi weeks.
Acquire more about how long information technology takes to get a license
Colorado Real Estate License Reciprocity
The Colorado Real Estate Commission recognizes prior experience and qualifications in real manor and related fields and reduces the licensing pedagogy requirements accordingly. Reciprocal licensing may apply to the post-obit individuals.
- BAR-Licensed Attorneys
- Former Licensees
- Out-of-Country Licensees - Individuals who hold a license in another state (jurisdiction) looking to obtain their licensure
- Students who take received a degree from a university with a major in real estate
1. Education Requirements for Licensed Attorneys at Whatsoever Bar
Licensed attorneys at any Bar are required to complete 12 hours of pre-license didactics and pass the entire broker's exam.
VanEd offers an 32-hour attorney'due south course , which includes materials that cover Trust Accounts in addition to the required credit hours. This ensures that attorneys have the best bachelor information.
2. Teaching Requirements for Individuals with an Expired Colorado Real Estate License
Previous Colorado Licensees - Expired Before Jan 1, 1997
Broker License | Salesperson License |
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Y'all must consummate 72 hours of Education and laissez passer both portions of the Colorado real estate Broker'southward exam. If y'all previously held your license equally an ACTIVE banker for two or more than years, then you volition be qualified to become an Contained Broker. If yous have been licensed as a Broker for less than two years, yous volition be qualified for the Associate Broker level of licensure after passing the state portion of the Colorado Broker's exam. In order to activate at the Employing Broker level of authority, you will also need to consummate the 24-hour Brokerage Administration course. This class is also a Continuing Pedagogy class. | You volition need to successfully complete the 120 credit-hour program and pass the entire real estate exam. |
Previous Colorado Licensees - Expired After January i, 1997
Yous must pass both parts of the Colorado Real Manor Broker'southward Test
VanEd offers the Colorado License Prep Program, specifically designed for students needing to pass the exam who were previously licensed.
3. Education Requirements for Individuals Who Hold a License in Another State (Out-of-State Licensees)
Out-of-State Licensees Holding an Active or Inactive Real Estate License for More than ii Years
Note: The two years cannot count as time with an "Expired" license.
Banker License | Salesperson License |
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If you have held the Broker level designation as an Active licensee for ii or more years, and then you will authorize at the Independent Broker License level past passing the state portion of the Colorado Broker's Exam. If you have been licensed as a Banker for less than two years, you volition be qualified for the Associate Broker level of licensure after passing the land portion of the Colorado Broker'southward exam. | You lot may be licensed in Colorado by passing the state exam. VanEd offers exam prep online, however our instructors highly recommend taking our Colorado License Prep program. This program volition non only help you pass the country exam on your first try, simply volition also teach you lot nigh Colorado contracts, closings, and trust accounts. Exam Prep exercise exams are included, besides equally instructional and technical support. |
Out-of-State Licensees Holding an Active or Inactive Existent Manor License for Less than 2 Years
Broker License | Salesperson License |
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You volition need to successfully complete a 72 credit-hour course in Contracts and Closings. Yous volition need to laissez passer both parts of the Colorado existent estate broker's exam. You will need to order a license history from each jurisdiction that you take previously been licensed in. Many states accept online services allowing you to do this quickly. ARELLO State List of Regulatory Agencies | Yous will need to successfully complete the 120-credit hr program and pass the entire real estate exam. You will demand to social club a license history from each jurisdiction that y'all take previously been licensed in. Many states have online services allowing you to do this speedily. ARELLO State List of Regulatory Agencies |
For more information on what education requirements yous volition demand based on your feel, utilize our Interactive License Finder.
Colorado Existent Estate Examination
The Colorado banker license exam consists of 2 parts. You volition have approximately two hours to complete each part of the exam. The general portion of the exam covers existent estate police and practise which is common in most states. The second part of the broker examination is specific to Colorado existent estate rules, regulations, and contracts. The exam is non open book, and yous may not bring annihilation with you to the examination centre.
For more information nigh the test itself, visit candidate.psiexams.com to download the well-nigh current Candidate Information Bulletin. This handbook provides you with complete information nearly the examination and application process. When yous are prepare to schedule your exam, yous will do so on the PSI website. You lot will need to print out your REC-33 (provided by VanEd) and take it with you to the test center in order to be permitted to take your exam.
Yous can too access our gratis practice examination, which contains a mix of questions that will help you start studying.
Colorado Existent Estate Agent Essentials
How Long Does It Take To Get A Real Estate License In Colorado,
Source: https://www.vaned.com/index.cfm/fa/PRE/fa2/licinfo/state/CO
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