If your license has been inactive for longer than three (3) years/36 months, you MUST complete either: The State portion of the Colorado Broker's Exam, or. 48 Hours in Colorado Contracts & Regulations and 24 hours in Real Estate Closings (for a total of 72 hours).
How long can a real estate license be inactive in DC?
If a person has been on inactive status for five (5) consecutive years or more that person shall be considered a new applicant and shall be required to meet all current requirements for licensure, unless the Board in its discretion determines that the failure to renew during the five (5) year inactive period was due to
How do I renew my inactive real estate license in Colorado?
Inactive Colorado Real Estate License
Note: You will be able to renew your license for up to three years after its expiration date by filing a reinstatement application and the “Transfer / Activate / Inactive license” application.
Who can revoke a Colorado real estate license?
How much does it cost to reactivate real estate license in Colorado?
Colorado Real Estate Renewal Cost
| Status | Real Estate Appraiser | Real Estate Broker |
|---|---|---|
| Renewal Cost Online | $361 | $387 |
| Late Penalty Fee < 1 year | $93 | $579 |
| Late Penalty Fee < 3 years | $185 | $771 |
| Total Cost | $361 – $546 | $387 – $1158 |
When must a Colorado real estate license be renewed?
For each three-year license cycle, all active real estate brokers must complete 24 hours of continuing education. Regarding a newly licensed broker: An initial broker's license expires at midnight on December 31st of the year in which it was issued.
How long can my real estate license be inactive in Colorado?
3 years
To update your license to Active status, you must complete the "Transfer / Activate / Inactivate license" application. 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.
Frequently Asked Questions
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. The combined average pass rate for both portions is 77%.
What score do you need to pass the Colorado real estate exam?
What score do I need to pass the Colorado real estate exam? In order to pass the Colorado real estate examination, students will need at least a 75% on the National portion and a 71.5% or higher on the State portion.
Do you need a college degree to be a real estate agent in Colorado?
To qualify for a real estate broker license you must complete a minimum of 168 hours of qualifying education. The qualifying education must be obtained through either a nationally accredited community college or university OR a school approved by the Colorado Department of Private and Occupational Schools (DPOS).
How to transfer real estate license to another broker in Colorado?
How to switch real estate brokers in Colorado? Colorado requires you to notify them of the transfer. Go to the CDRE online portal and select the link titled “Transfer / Activate / Inactivate License.” You'll need to include current E&O insurance information if it is not already recorded.
How do I deactivate my real estate license in Colorado?
How do I inactivate my real estate license? Contact the real estate commission at colorado.gov/pacific/dora/node/90686 and click on "Licensing & Registration, Real Estate Broker" and then on "Applications, Documents and Fees." Look for the “Inactive License Online Application.”
FAQ
- How long can you have an inactive real estate license in Colorado?
3 years
Any licensee who fails to reinstate within 3 years of license expiration date must reapply for that license.
- How do I transfer a position from one broker to another?
How do I transfer my stocks from one broker to another? Start by filling out a transfer form for your new brokerage. You can typically find these on the website, but you can also call them for instructions. It can take about six business days for stocks to transfer, but mismatched records can make things take longer.
- What continuing education is required of the licensee to renew an active Colorado real estate license?
What are my Colorado real estate continuing education requirements? Brokers in Colorado are required to complete 24 hours of continuing education each three-year licensing cycle.
- What do I need to renew my 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 hours of continuing education are required for license renewal in Colorado?
A valid professional license may be renewed every seven years with an equivalent of six semester hours of credit from an accepted, regionally accredited college or university, which may include up to 90 clock hours of professional development (in-services, workshops, being on a committee, etc.)
Colorao real estate license expired how to reinstate
| When can I renew my real estate license in Colorado? | Colorado Real Estate: Broker Renewal Date: Every 3 years on December 31. Continuing Education Dates: The Annual Commission Update Course is due each year. Elective course completions are due at the time of renewal. Hours Required by Colorado Division of Real Estate: 24 hours. |
| How many credit hours of continuing education must a Colorado producer complete every license renewal period? | 24 hours Colorado Insurance Continuing Education Courses and Requirements. Producers in Colorado must take 24 hours of continuing education, 3 of those hours being in ethics every 2-year license term. Renewal must be met by the last days of the licensee's birth month. |
| How long can Colorado real estate license be inactive? | Three years If your license has been inactive for longer than three years, you MUST complete either: The State portion of the Colorado Broker's Exam, or. 48 hours in Colorado Contracts & Regulations and 24 hours in Real Estate Closings (for a total of 72 hours) |
| Can the Colorado real estate commission revoke a license? | The commission has the authority to administer disciplinary action by admonishing, censuring, suspending, or revoking a broker's license and/or administering fines. Admonishment: the least serious of all the disciplinary actions, this warning informs the broker to be cautious and to follow the real estate law. |
| How long does a realtor have to keep records in Colorado? | Brokerage firms and brokers are required to retain transaction files for a period of four (4) years, beginning from the consummation date of the transaction or the expiration date of anly listing contract that does not consummate. |
- How much does it cost to reinstate your real estate license in Colorado?
Colorado Real Estate Continuing Education Delinquency Courses
Course Price Broker Reactivation $225 72-hour CE "Recovery" Program $250 Colorado Real Estate Exam Prep $59 16-Hour Continuing Education Package $139
- How many CE credits do I need to renew my real estate license in Colorado?
24 hours
For each three-year license cycle, all active real estate brokers must complete 24 hours of continuing education.
- How do I maintain my real estate license in Colorado?
- Annual Commission Update (ACU)
- Completing the 24-hour Broker Reactivation Course (permitted once every other license cycle).
- Completing and passing the State portion of the Colorado Broker's Exam.
- 48 Hours in Colorado Contracts & Regulations and 24 hours in Real Estate Closings (for a total of 72 hours).
- Annual Commission Update (ACU)
- What happens if your real estate license expires Colorado?
Inactive Colorado Real Estate License
In Colorado, your license will become inactive for a period of up to three years if you fail to renew it on time. Keep in mind that you will not be able to engage in any real estate sales or brokerage activity with an inactive license.