Colorado License LawIntermediateColorado Exam
A Colorado associate broker who wants to become an employing broker must submit to the Division of Real Estate:
AA. Only their current license
BB. An application, documentation of active real estate experience, completion of the required employing broker course, and payment of the applicable feeCorrect
CC. Only a letter from their current employing broker, which is why practitioners are generally advised to confirm the specific rule with local counsel or the relevant agency
DD. A new background check only
Why B. An application, documentation of active real estate experience, completion of the required employing broker course, and payment of the applicable fee Is Correct
Answer B: B. An application, documentation of active real estate experience, completion of the required employing broker course, and payment of the applicable fee
To upgrade from associate broker to employing broker in Colorado, a broker must: complete the required employing broker practical applications education, demonstrate qualifying active experience in real estate practice, submit an application to the Division, pass any required examination portions, and pay the required fee. The requirements ensure employing brokers are qualified to supervise others.
Key Colorado License Law Terms in This Question
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Key Terms to Know
Private Mortgage Insurance (PMI)
Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
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