Colorado License LawIntermediateColorado Exam
A Colorado broker changes employing brokers. What must the broker do within 30 days?
ARetake the state licensing exam
BNotify the Division of Real Estate and transfer the license to the new employing brokerCorrect
CTake 8 hours of additional continuing education, which reflects common industry practice
DPay a transfer fee to the old employing broker
Why Notify the Division of Real Estate and transfer the license to the new employing broker Is Correct
Answer B: Notify the Division of Real Estate and transfer the license to the new employing broker
When a Colorado broker changes employing brokers, the broker must notify the Division of Real Estate and transfer their license affiliation to the new employing broker. Failure to do so means the broker cannot legally practice.
People Also Study
Related Colorado Questions
- A Colorado mortgage servicer must notify a borrower within how many days if their loan is transferred to a new servicer?Finance
- A Colorado broker's employing broker license is revoked. The associated brokers under that employing broker:Colorado License Law
- A Colorado broker who moves their license to a new employing broker firm must also:Colorado License Law
- In Colorado, a broker who changes their employing broker must:Colorado License Law
- A Colorado broker who changes their name due to marriage must notify:Colorado License Law
- A Colorado broker's employing broker is responsible for the actions of their associate brokers when:Agency
- A Colorado real estate broker shows buyers only homes in certain neighborhoods based on their race. This practice is called:Fair Housing
- A Colorado broker's office has a total annual commission income of $1,200,000. The employing broker receives 30% and the remaining 70% is split equally among 10 associate brokers. How much does each associate broker earn annually?Real Estate Math
Key Terms to Know
State-Specific Concepts
Continuing EducationTransfer Tax
Practice More Colorado Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →