Professional education plays a vital role in obtaining and renewing a real estate license. To earn a Colorado license, you need to meet certain pre-license educational requirements set by the Colorado Division of Real Estate (DRE). You also have to take continuing education throughout your career.
To learn more about requirements and deadlines for earning and renewing your Colorado real estate license, check out the state-specific career guide below.
Colorado 16 Hour Broker CE Renewal Package with Annual Commission Update
Get 12 hours of elective credit plus this year's Annual Commission Update.
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What Does "Broker" Mean in Colorado?
In most states, the real estate licensing agency refers to entry-level licensees as "sales agents" or "salespersons." They only use the word "broker" when they're discussing the next level of licensing that legally empowers a real estate professional to own a brokerage, handle transactions, take responsibility for new brokers, and more.
In Colorado, the DRE uses "broker" for entry-level licensees. The next level of licensing is called an "employing broker."
We're going to use Colorado's terms while we talk about their regulations.
What Are Colorado's Real Estate Pre-Licensing Education Requirements?
The Colorado DRE requires 168 hours of pre-licensing coursework from an approved provider.
Required curriculum includes:
- Real Estate Law and Practice (48 hours)
- Colorado Contracts and Regulations (48 hours)
- Colorado Closings (24 hours)
- Colorado Recordkeeping & Trust Accounts (8 hours)
- Colorado Legal Issues (8 hours)
- Colorado Practical Applications (32 hours)
Regrettably, AgentCampus by 360training doesn't offer Colorado pre-license training at the moment, only continuing education. You can find an authorized training provider for pre-license education on the DRE's website.
What Else Do I Need to Do to Earn My Colorado Real Estate License?
Beyond passing your pre-license courses, you need to:
- Pass the state licensing exam
- Complete the background check
- Acquire Errors & Omissions (E&O) Insurance
- Complete the online license application
What is the Colorado Real Estate Licensing Exam Like?
The official licensing exam is administered by PSI, a third-party testing service. It consists of 80 national topic questions (with a 2-hour time limit) and 74 Colorado-specific questions (with a 1-hour 50-minute time limit).
You'll get a score report before you leave. If you fail only one portion, you need to earn a passing score on that portion. But you must submit your application before one year has elapsed on the part you passed first.
How Often Does a Colorado Real Estate License Have to Be Renewed?
Colorado real estate licenses used to be renewed on your anniversary, but that changed in 2018. Now licenses run on a calendar year, instead.
Licenses expire at (and must be renewed by) midnight of December 31st on your third full calendar year.
That means licensees' initial renewal will be longer than 3 years; the remainder of the year in which you're licensed doesn't count towards renewal requirements.
Through the end of 2020, some established licensees may still be transitioning to the new expiration system.
What Are Colorado's Continuing Education Requirements for Real Estate?
The Colorado DRE requires a total of 24 continuing education hours over the 3 years between renewals. That includes:
- 12 hours of Commission Update courses, consisting of one 4-hour course per calendar year
- 12 hours of elective courses
CE requirements are slightly different if you're transitioning from the anniversary system to the calendar system. Renewing an inactive license also requires slightly different CE. If those circumstances apply to you, learn more on the DRE's website.
What Kind of Jobs Can I Get with an Colorado Real Estate License?
Getting a Colorado real estate license can qualify you for a number of different careers, including:
- Residential real estate broker
- Commercial real estate broker
- Employing broker
- Property manager
Furthermore, there are a myriad of specialties and niches you can fit in, based on the type of real estate, the type of client, and the part you play. Some niches are more profitable than others, but those often call for extra certifications or licenses.
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Since a real estate agent's income is usually commission-based, actual earnings differ a lot in either direction. Some real estate professionals have earnings well below the average. Others make a lot more. In Colorado, the top 90th percentile of brokers make $128,350.
You can learn more about career options, potential real estate niches, and how commissions work, by checking out our Resources page.