Colorado License LawIntermediateColorado Exam
Under Colorado law, a person who practices real estate without a license may face:
AOnly a warning letter from the Division of Real Estate, under standard practice
BA civil penalty of up to $5,000 per violation and potential criminal chargesCorrect
COnly a requirement to obtain a license within 30 days
DOnly loss of any commission earned
Why A civil penalty of up to $5,000 per violation and potential criminal charges Is Correct
Answer B: A civil penalty of up to $5,000 per violation and potential criminal charges
Unlicensed practice of real estate in Colorado is a serious violation subject to civil penalties, potential criminal prosecution (misdemeanor or felony depending on circumstances), and inability to collect any compensation from the unlicensed activity.
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