Colorado Real Estate License Requirements
How to Become a Real Estate Agent in Colorado
You’ll need to be 1.) 18 years of age and 2.) be able to pass a background check. Then you must:
- Complete 168 Hours of Approved Real Estate Pre-Licensing Education
- Pass the Course Final Exam
- Pass the Colorado Real Estate Broker License Exam
- Complete Your Background Check
- Get an Errors and Omissions (E&O) Insurance Policy
- Submit Your License Application
How to Get a Real Estate License in Colorado
To become a fully-licensed real estate agent in the Centennial state, The Colorado Division of Real Estate requires that all license applicants complete the following steps:
1. Complete 168 Hours of Approved Real Estate Pre-Licensing Education
Per the Colorado Real Estate Commission, the first step in earning your real estate license is to complete the 168-hour Pre-License course from an approved real estate school. If you’re unsure whether you’re ready to take the leap, a free trial can give you an idea of what to expect.
2. Pass the Course Final Exam
After completing the real estate Pre-Licensing coursework, you must pass the course final exam(s). Some exams consist of 20 questions while others may have up to 50. The course’s final exam will present 100 national questions and 70 state-specific questions. Regardless, a score of 75% or greater is required to pass and move on to the next step.
3. Pass the Colorado Real Estate Broker License Exam
Once the course exams have been passed the education aspect has been satisfied. Now it’s time to pass the state Broker license exam. The Colorado Real Estate Broker Licensing Exam, which is scheduled through and administered by PSI, consists of an 80-question national portion and a 74-question state portion.
Test-takers have 120 minutes to complete the national section and 110 minutes to complete the state-specific portion. Those seeking an additional advantage on test day may want to consider using Colorado-specific Exam Prep, which significantly improves chances of passing the Colorado Real Estate Broker Exam on the first try.
4. Complete the Background Check
If you’ve passed the state exam, congratulations, you’re well on your way to building an illustrious real estate career. Now you will want to complete your background check. To do this, you’ll schedule an appointment to have your fingerprints taken. They will then be submitted to the Colorado Bureau of Investigation (CBI) and the Federal Bureau of Investigation (FBI) for review.
5. Acquire an Errors and Omissions (E&O) Insurance Policy
Errors and ommissions insurance is not just a smart way to protect your business, it is required to get a real estate license in Colorado. Sometimes the employing Broker will carry policies that cover all their agents, but additional insurance may be required.
6. Submit Your License Application
The last step in acquiring your license is to apply. The Colorado Division of Real Estate allows applicants to submit everything online via
an eLicense account. License-holders can also use the portal to manage their current license(s).
- Licenses can be managed and applied for in the Colorado Division of Real Estate’s eLicense portal.
- There is some partial license reciprocity with other states/licenses.
- You can check your application status online.
Common Questions (FAQs) About Getting Your Colorado Real Estate License.
1. How much does it cost to get your real estate license in Colorado?
The cost of a real estate license in Colorado can vary depending on the price of your real estate classes, as well as the fees associated with various forms of licensure. With that said, an individual can typically expect to pay $560-$750 to get an active Colorado real estate license.
|Average Course Tuition||$470-$660|
|FBI/CBI Background Check||$39.50|
|Broker Exam Fee||$44.95|
|Errors & Omissions Insurance (varies)||$100-$300|
2. How long does it take to get a real estate license in Colorado?
The specific amount of time to complete the 168 hours of real estate education varies from student to student. Online courses are self-directed and completed at whatever pace works best for the individual. If a student’s schedule allows, the education requirement can often be completed in just over a month or two.
|Student Learning Pace||Time Period|
|Full-Time Student (40 hours a week)||5 weeks|
|20 Hours a Week||10 weeks|
|10 Hours a Week||17 weeks|
|5 Hours a Week||34 weeks|
3. If I get a real estate license in Colorado, where else can I work?
The State of Colorado currently holds reciprocity agreements with the following states:
- New York
- North Carolina
Check the other states’ department of regulatory agencies for more information.
4. How much money can I make as a Colorado real estate agent?
According to Indeed.com, the average salary for a Colorado real estate agent is $108,288. Of course, this can vary depending on the brokerage and the Salesperson, but this figure is in line with the national average.
Colorado Real Estate Post Licensing Requirements
Unlike some other states, the state of Colorado does not require Post-Licensing education to acquire a real estate Broker’s license.
Colorado Real Estate Continuing Education Requirements
All real estate professionals are required to maintain their professional knowledge via Continuing Education. For real estate agents in Colorado, this requirement is
24 hours of approved Continuing Education courses that must be completed every three years and four hours of Continuing Education that must be completed every year.