Colorado License LawIntermediateColorado Exam
In addition to real estate brokers, the Colorado Division of Real Estate also licenses:
AMortgage loan originators and appraisersCorrect
BTitle insurance agents only, in most cases
CHOA managers only
DNotary publics only
Why Mortgage loan originators and appraisers Is Correct
Answer A: Mortgage loan originators and appraisers
The Colorado Division of Real Estate regulates multiple professions including real estate brokers, appraisers, mortgage loan originators (under the SAFE Act), and real estate schools, all within the Department of Regulatory Agencies (DORA).
Key Colorado License Law Terms in This Question
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Key Terms to Know
Title Insurance
Insurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
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.
State-Specific Concepts
License Law
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