Colorado Real Estate Broker Exam — All Questions
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The state body responsible for licensing and disciplining real estate brokers in Colorado, operating within the Department of Regulatory Agencies, is the:
- a.Colorado Real Estate Commission within the Division of Real Estate✓
- b.Colorado Association of Realtors
- c.Colorado Department of Housing Finance
- d.Federal Real Estate Board
The Colorado Division of Real Estate, part of the Department of Regulatory Agencies (DORA), houses the Colorado Real Estate Commission, which licenses and regulates brokers. Trade associations such as the Colorado Association of Realtors are private membership groups and do not issue licenses. The Commission sets rules, approves forms, and can discipline licensees.
In Colorado, real estate licensees are all licensed under a single category. That category is:
- a.Salesperson
- b.Realtor
- c.Broker (associate, employing, or independent broker)✓
- d.Escrow officer
Colorado does not issue a separate salesperson license; everyone is licensed as a broker. The levels include associate broker, employing broker, and independent broker, which differ by supervision and the ability to supervise others. A newly licensed broker typically works as an associate broker under an employing broker before qualifying to work independently.