Colorado License Law
If the Colorado Real Estate Commission pays a claim from the Recovery Fund on behalf of a licensee, what happens to that licensee's license?
AThe license is suspended for 90 days
BThe license is automatically revoked until full repayment with interest✓ Correct
CThe licensee must complete additional continuing education
DNothing happens to the license
Explanation
When the Recovery Fund pays a claim, the licensee's license is automatically revoked. The license cannot be reinstated until the licensee repays the full amount paid from the Fund, plus interest.
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