Starting a career as an agent of real estate in Colorado is a rewarding experience. But before you can assist your clients with buying and selling property, you must navigate the real estate licensing process. In this step-by-step guide, you will be guided through the critical stages of becoming a licensed Colorado real estate broker, stressing the importance of complying with the state’s requirements.
Step 1: Meeting Eligibility Requirements
The first step to getting a Colorado Real Estate Commission license is to ensure you meet their eligibility requirements. These requirements are typically:
- You must be over 18 years old.
- You must have at least a High School Diploma or Equivalent.
- You must successfully pass a criminal record check.
- No prior felonies involving dishonesty or breaching trust are allowed.
This is the first step to pursuing a career in Colorado real estate.
Step 2: Complete the Required Education
Once you’ve confirmed your eligibility for a license, the next thing to do is complete the pre-licensing educational requirements. Colorado requires aspiring real-estate agents to complete at least 168 hours of education with an approved provider. This coursework covers real estate law, contracts, finance, and Colorado-specific regulations.
Online courses have made it easier for students to complete their educational requirements and balance other commitments. Select a state-approved and reputable education provider for your coursework to meet the state requirements.
Step 3: Pass the Real Estate License Test
After completing your Colorado pre-licensing program, it’s time to sit for the Colorado real property license test. Pearson VUE administers an exam that includes both national-specific and state-specific portions. You must score a minimum of 80% on both sections.
To boost your confidence, consider taking a course on exam preparation or practice exams.
Step 4: Find a Sponsoring Broker
Colorado requires you to be under the supervision of an approved real estate agent. Your sponsoring real estate broker will give you training and guidance to help you launch your career.
Selecting a broker that shares your goals, value system, and real estate market niche is essential. Do research and conduct interviews to find a good fit.
Step 5: Submit Your Application
Your Colorado realty license application is ready to be submitted once you’ve finished your pre-licensing classes, passed the exam, and secured an agent sponsor. On its website, the Colorado Real Estate Commission includes all forms and instructions needed for the application.
Step 6: Receive Your Colorado Real Estate License
You will receive a real estate license Colorado once you have submitted your application and cleared all background checks. This license marks your official real estate career start. You can work with clients under your sponsoring broker’s guidance.
It is essential to understand that becoming a Colorado licensed agent involves a systematic, step-by-step process. This is designed to ensure individuals are adequately prepared to represent clients when conducting real estate transactions. To be a real estate agent, you must meet the requirements for eligibility, complete the education required, pass the licensing exam, find a sponsoring brokerage, and submit your application.