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CO RE Exam - Licensing Requirements 2024/2025 A+ grade assured
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CO RE Exam - Licensing Requirements 2024/2025 A+ grade assured
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CO RE Exam - Licensing RequirementsA licensee with a broker's license from another state and more than two years of experience
must do what to work as a broker in Colorado? - ANSPass the state portion of the broker's
exam
Rudy was a practicing broker in Colorado for a long time, but his license has been on
inactive status for a few years while he pursues some other interests. What's true about
Rudy's situation? - ANSRudy must complete all required actions for renewal every three
years, or his license will expire.
Niko has decided a career in real estate is just what she wants, so she's preparing herself to
take the licensing exam and get her broker's license. She knows there's a bunch of
education involved, but what other detail must she take care of when submitting an
application for a broker's license? - ANSShe must submit her fingerprints to the Colorado
Bureau of Investigation for a criminal background check.
Melissa is studying her options for completing continuing education so she can renew her
license at the end of the three-year cycle. She's torn between the option to get credit hours
and the option to just pass the state portion of the exam (she loves taking tests). Finally, she
decides to go for the commission's recommended choice. How many hours of CE will she
need to complete? - ANS24
What's the minimum age to be licensed as a real estate broker in Colorado? - ANS18
A licensee with fewer than two years of experience with a salesperson's license in another
state would only be eligible for which Colorado license level? - ANSAssociate broker
Other than during the transition period, how long is the Colorado real estate broker's license
term? - ANSThree years
*Licensees should obtain annual aggregate errors and omissions coverage of no less than
what amount? - ANSLicensees need no less than $300,000 of annual aggregate coverage.
Jim would like to sell his home himself. What is the minimum real estate license he must
possess? - ANSNone
Which of the following is NOT considered an activity requiring a real estate license? -
ANSNick purchases a fixer-upper using a loan from his parents, puts some sweat-equity into
it, and flips it.
Licensees should obtain no less than how much errors and omissions coverage per claim? -
ANS$100,000
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