How To Get Your Colorado Real Estate License
By: StateRequirement Staff | Updated: December 8, 2020
Getting your Colorado Real Estate License is the first step to becoming a real estate broker in Colorado. Nowadays, this process can be done almost entirely online. You’ll still need to take your license exam in person, but the rest of the process can be completed entirely online!
This article outlines the process to get your Colorado Real Estate License in an easy to understand, step-by-step manner. You’ll learn how much it will cost, how long it will take, what is on the exam, and much more.
How to Become a Real Estate Agent in Colorado
Becoming a real estate broker in Colorado is as simple as getting your license, finding a broker sponsor, and getting to work selling real estate! As long as you fulfill the below requirements, you are already on your way to your goal.
Colorado Real Estate License Requirements
The requirements to become a real estate affiliate in Colorado are:
- Be a citizen of the United States or a lawfully admitted alien
- Be 18 years of age or older
How to Get Your Colorado Real Estate License
Step 1. Real Estate Pre-Licensing Course
To start, you must complete an approved pre-licensing course.
Colorado requires that real estate brokers complete 168 hours of pre-license coursework prior to sitting for their exam. This coursework will consist of six classes.
These six required classes are:
- 48 hours of Real Estate Law & Practice
- 48 hours of Colorado Contracts & Regulations
- 8 hours of Trust Accounts & Recordkeeping
- 8 hours of Current Legal Issues
- 24 hours of Real Estate Closings
- 32 hours of Practical Applications
Most people choose to take their pre-license education course online. The majority of online courses are self-paced and include study materials like real estate practice exams and flashcards. Some also come with a “guarantee” that you will pass the exam on your first attempt if you complete their course. These benefits are all dependent on the education provider and package you choose, so be sure to get the course that best suits your needs.
Remember that the point of these courses isn’t just to check a box and complete a requirement, but rather to prepare you to pass your exam and become a better agent.
For real estate license exam courses and study tools, StateRequirement recommends:
Colorado does not require the final pre-license exam to be supervised by a proctor. This is not the same as the state exam. This test is provided by your pre-license education company and is an indication that you have completed and retained the information from your pre-license education course.
Similar to the state exam, this test is closed-book and closed-note. You are allowed a basic-function calculator and scratch paper, but no cell phones or outside internet access.
Step 2. Colorado Real Estate License Exam
After you’ve completed your pre-license education, it’s now time to take the Colorado Real Estate Exam.
The fee to take the exam is $44.95 per attempt.
The Colorado Real Estate Exam consists of 154 questions. This includes 80 for the National section and 74 for the State section.
You will have 230 minutes (3 hours and 50 minutes) to complete the entire exam. The National section time is 120 minutes (2 hours), and the State section time is 110 minutes (1 hour and 50 minutes)
A passing score for the Colorado Real Estate Broker Exam is 60/80 on the National section and 53/74 on the State section
Immediately after completing your exam, you will receive a scoring document that states whether you passed or failed. If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies.
How Hard is the Colorado Real Estate Exam?
The passing rate for the Colorado Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!
Before taking the exam, check out StateRequirement’s guide on how to pass the real estate exam. This in-depth guide works as a great partner to your pre-license course to prepare you to pass on your first attempt!
Step 3. Fingerprinting and Background Check
After passing your exam, the next step is to complete your fingerprinting and background check. The Colorado Real Estate Commission requires that all applicants have a background check performed before they can become a licensed real estate agent in Colorado.
Licensees will need to make an appointment with IdentoGO, who will transmit the applicant’s fingerprints to the Colorado Bureau of Investigation (CBI) and Federal Bureau of Investigation (FBI) for processing. The report will be received by this office. Please input the service code 25YNY1.
The fee to complete your fingerprinting services is $39.50.
Completing and turning in your fingerprints will begin the background check process. The Colorado Real Estate Commission will review any findings in your background report to ensure your eligibility. During this process, they may reach out to you to provide additional information or documentation to clear up any findings.
For those who have criminal offenses or judgments against them, there’s a possibility that you may not be eligible for a real estate license in Colorado. If this is the case, you can access the Preliminary Advisory Opinion application online. Use this application to obtain an opinion regarding the potential effect that previous conduct, criminal convictions, or actions against a professional license may have on a formal application for licensure. To access the PAO application form, select “Create/Continue Application for NEW License.” You should then select the “Preliminary Advisory Opinion” application group and the “REB” application type.
Step 4. Obtain Errors and Omissions Insurance
Once you have done your fingerprints, it is time to get your errors and omissions insurance. The Colorado Real Estate Commission requires that all candidates for an affiliate broker license obtain an errors and omissions insurance policy before applying for a license.
The Colorado Real Estate Commission selected RISC to provide the state group E&O insurance policy, which is issued by Continental Casualty Company, a CNA insurance company. The program is designed specifically for Colorado brokers and exceeds state minimum requirements. The state group program offers affordable E&O insurance to each and every active licensee by spreading the risk over a large number of insureds.
Step 5. Real Estate License Application
Now that you’ve met all requirements and completed all steps, it is time to apply for your Colorado broker’s license. You will need to apply within 12 months of passing the state licensing exam.
The fee for this application is $200.
You will need to apply for your license via the Colorado Division of Real Estate’s Online Services page.
In making your broker’s license application, you might need to include the following:
- Diploma or other proof of high school graduation (or equivalent)
- Proof that you have satisfactorily completed the 168 hours of pre-licensing courses
- Proof of exam pass results
- Proof of your errors and omissions insurance policy
- Proof that you have had your fingerprints done (submitted through IndentoGO)
Step 6. Application Review
Once you’ve completed your application, you will only need to wait for your background report to come back as a pass. In most cases, this process should take at least 10 business days. After this, you should receive an email from CDRE with a license document. If you have any questions at this point, you should contact CDRE at (303) 894-2166 or [email protected].
Be sure to take some time to celebrate your accomplishment. You’ve put in a lot of work and effort and deserve a celebration!
Colorado Real Estate License FAQ
How Much Does It Cost to Get a Real Estate License in Colorado?
All Colorado fees: $480
Real Estate Pre-Licensing Education (Estimated): $349-$564
The total estimated cost to get a Colorado Real Estate license is $830-$1,045.
How Long Does it Take to Get a Colorado Insurance License?
The two steps that take the most time when getting your license are pre-license education and test preparation. The average amount of time that people take from start to finish is generally 3-6 months.
If you dedicate a full-time schedule to this process and study hard, you could possibly complete this process in 2 months. We wouldn’t recommend trying to go any faster than this. Take your time to study and prepare yourself for the exam.
How to Get a Colorado Commercial Real Estate License
To sell commercial real estate in Colorado, a standard Broker license is all that you need. There is no specific “commercial real estate license”.
If you wish to take on a career selling specifically commercial real estate, choose a broker that handles the types of deals that you want to be a part of.
Are There any Real Estate Jobs Open Around Me?
Check out StateRequirement Jobs to find open real estate jobs in your area!
CDRA – Colorado Department of Regulatory Agencies
Colorado Division of Real Estate
1560 Broadway, Suite 925
Denver, Colorado 80202
Phone: (303) 894-2166
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated in December 2020.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state's authority on insurance.
When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. Learn More