Colorado License Law
In Colorado, which of the following activities requires a real estate broker's license?
AA. Selling your own personal residence
BB. Acting as a property manager for a fee on behalf of others✓ Correct
CC. Helping a family member find a home without compensation
DD. Acting as an attorney handling a real estate transaction for a client
Explanation
Colorado's Real Estate License Law requires anyone who performs real estate brokerage activities for compensation on behalf of others to hold a broker's license. Property management for compensation is a brokerage activity requiring a license. Exceptions include owners managing their own property, attorneys acting in their legal capacity, and certain others.
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