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How to reinstate colorado real estate license

How to Reinstate Your Colorado Real Estate License: A Comprehensive Guide

If you are seeking information on how to reinstate your Colorado real estate license, you've come to the right place. This brief review will outline the positive aspects and benefits of the process, providing a simple and easy-to-understand guide for all interested individuals.

I. Overview of the Process:

  1. Understanding License Suspension: Learn why your Colorado real estate license may have been suspended and the importance of reinstating it promptly.
  2. Gathering Essential Information: Find out what documents and information you need to have on hand before starting the reinstatement process.

II. Step-by-Step Guide to Reinstate Your Colorado Real Estate License:

  1. Contact the Appropriate Authorities: Get in touch with the Colorado Division of Real Estate (DRE) to initiate the reinstatement process.
  2. Submit Required Forms and Documents: Fill out the necessary forms and provide supporting documents, such as proof of continuing education completion and any outstanding fees.
  3. Pay the Reinstatement Fee: Understand the fee structure and submit the required payment for your license reinstatement.
  4. Await Processing: Allow the DRE sufficient time to review your application and process your reinstatement request.

III. Benefits of Reinstating

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.

How much does it cost to reinstate your real estate license in Colorado?

Colorado Real Estate Continuing Education Delinquency Courses

CoursePrice
Broker Reactivation$225
72-hour CE "Recovery" Program$250
Colorado Real Estate Exam Prep$59
16-Hour Continuing Education Package$139

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.

What continuing education is required of the licensee to renew an active Colorado real estate license?

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).

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 do I verify my Colorado real estate license?

By following these three simple steps, you can look up a Colorado real estate license and check the license's status.
  1. Step 1: Visit the Colorado Department of Regulatory Agencies (DORA) Website.
  2. Step 2: Fill Out the License Lookup Form.
  3. Step 3: View the License Lookup Results.

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.

Frequently Asked Questions

Can I use my Colorado real estate license in California?

States like Texas, California, and Montana don't have any reciprocity. This means out-of-state applicants must do the full training from scratch and retake the exams. Only then will they be eligible for the new license. You can see a full list of all states and their reciprocity status here.

How do I verify my real estate license in Colorado?

By following these three simple steps, you can look up a Colorado real estate license and check the license's status.
  1. Step 1: Visit the Colorado Department of Regulatory Agencies (DORA) Website.
  2. Step 2: Fill Out the License Lookup Form.
  3. Step 3: View the License Lookup Results.

How do I keep my CA real estate license active?

While your license remains inactive, you won't be able to engage in any brokerage activity or sales of real estate. So, to renew the inactive license, you'll need to submit an application for renewal, complete 45 hours of continuing education, and pay the renewal fee.

How do I deactivate my Florida real estate license?

Florida. In Florida, you can deactivate your license with the Florida Real Estate Commission by submitting a paper application. If you're looking to deactivate it online, you can have your broker go through their online account and remove you from their license.

How do I deactivate my real estate license in Virginia?

Salesperson or Associate Broker

To place a salesperson or associate broker's license on inactive status, complete and return this form. To place your license on immediate inactive status, log into your online profile and complete the Inactivate Application.

How long can your real estate license be inactive in Arizona?

An inactive status is allowed indefinitely, as long as continuing education (CE) is uploaded, however, remember, the difference between an active and an inactive license is that one cannot perform real estate activity with an inactive license.

What is an inactive real estate license in Florida?

Current/Inactive – This means a licensee has met all renewal requirements but is not actively practicing real estate services. Involuntary Inactive/Active – This means a licensee has not met renewal requirements and prior to the expiration of the license they were practicing real estate services.

FAQ

How often do you have to renew your Colorado real estate license?

How often must I renew my Colorado real estate license? Colorado Broker licenses must be renewed every three years.

How do I activate an inactive real estate license in Colorado?

Have an Inactive or Expired License? The Colorado Real Estate Commission allows you to complete your CE requirements and renew/reactivate your license through successful completion of the Broker Reactivation course. Complete all of your continuing education requirements for a 3-year renewal with this course.

How do I maintain my real estate license in Colorado?
Annual Commission Update (ACU)
  1. Completing the 24-hour Broker Reactivation Course (permitted once every other license cycle).
  2. Completing and passing the State portion of the Colorado Broker's Exam.
  3. 48 Hours in Colorado Contracts & Regulations and 24 hours in Real Estate Closings (for a total of 72 hours).
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.

What is the process to get a real estate license in Colorado?

To earn your real estate license in Colorado, you must be at least 18 years of age, register for 168 hours of required education, submit to fingerprinting and a background check, complete your required education, register for and take the Colorado broker licensing exam, and find a sponsoring broker.

How to schedule Colorado real estate exam?
Contact PSI Candidate Care Center at 855-744-0313 to make an exam reservation.

How to reinstate colorado real estate license

What is a Dora license in Colorado?

The Department of Regulatory Agencies (DORA) is the state's umbrella regulatory agency, charged with managing licensing and registration for multiple professions and businesses, implementing balanced regulation for Colorado industries, and protecting consumers.

Can I take my Colorado real estate exam online? Not only can you take the real estate exam online, but you can also enroll in online real estate courses so you can earn your real estate license on your own time and at your own pace! In the state of Colorado, you have the option to attend online real estate courses in preparation for your real estate exam.

How much does a beginner real estate agent make in Colorado?

First Year Real Estate Agent Salary in Colorado. $61,700 is the 25th percentile. Salaries below this are outliers. $94,900 is the 75th percentile.

What are the requirements to get a real estate license in Colorado? You must be at least 18 years old to get started.
  • Complete 168-Hours of Pre-Licensing Courses.
  • Pass the Pre-License Course Final Exam.
  • Pass the Real Estate Exam.
  • Submit Fingerprints and Complete a Background Check.
  • Provide Proof of Errors & Omissions Insurance.
  • Apply for Your License.
How many hours does it take to get your real estate license in Colorado?

In order to apply for the Colorado Real Estate License Exam, the state requires you to complete 168 hours of DORA-approved college-level real estate courses. Kaplan Real Estate Education offers four education options that fulfill the 168-hour requirement.

How long does it take to become a real estate agent in Colorado?

With the right education and a good broker as a mentor, you can enjoy success in the hot Colorado real estate market. If you're entirely new to real estate, just make sure you budget at least two months for the entire licensing process, but it could take as long as four months as well.

  • How long is real estate school in Colorado?
    • 168 hours

      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).

  • What are the levels of broker license in Colorado?
    • There are three levels of responsibility for real estate licensees: associate broker, independent broker, and employing broker. An associate broker must meet the above requirements and must be employed and supervised by an employing broker to hold an active license.

  • What is an associate broker in Colorado?
    • If you have less than two years of active experience as a salesperson or broker, you qualify for the associate broker, FA credential. Education requirements for a salesperson credential (120 hours of education) 48 hours, Colorado Contracts & Regulations.

  • Are all real estate agents brokers in Colorado?
    • Unlike most other states, technically there are no real estate agents in Colorado. The state designates all real estate professionals as brokers, even though they are still commonly referred to as agents. Here's what you have to do to become a licensed broker in Colorado.

  • What is the difference between a real estate agent and a broker in Colorado?
    • A real estate agent works under the supervision of a broker, who must be experienced in the field and has completed additional education. In order to become a licensed Colorado real estate agent, you must complete specific courses and pass an exam.

  • What are the tiers of brokers?
    • Tier 1 is the brokerage arm of large banks that allow institutional traders and customers to trade with the bank. Tier 2, or PoP, can best be described as a brokerage firm that has an account with the tier 1 brokerage firm and allows its customers to trade with them.

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