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04-28-2006, 09:29 AM
Procedure For Licensure
Step 1: Character
In addition to determining competency standards, the Real Estate Commission is authorized by statute to require and procure proof of the truthfulness, honesty and good moral character of any applicant.
PRIOR to submitting an application for a license: each applicant shall submit a set of fingerprints to the Colorado Bureau of Investigation for the purpose of conducting a state and national criminal history record check.
Step 2: Education, Experience and Examination requirements must be documented prior to filing the appropriate application for licensure.
a. Education certificates are furnished by the real estate schools after completion of the course requirements. Official transcripts are required for applicants who qualify based on a degree with a major course of study in real estate from an accredited college or university.
b. An exam score report is furnished immediately upon completing the exam. Exam scores will be sent to the DRE electronically and you will not need to include score reports with your application.
The real estate license examination is made up of two parts, the general part, and the local (state) part. Applicants for licensure who must receive passing scores on both the general part and the state part of the examination need not receive them on the same administration date. If one part is failed, the applicant may retake it at a subsequent time. In no event will a passing score on either part be accepted beyond one year.
c. You must obtain a certificate of license history from each jurisdiction in which you hold or have held a real estate license. If the other license is current (active or inactive), the certificate must be less than 90 days old when you submit your Colorado application. If the other license is expired, the certificate must be dated after the license expiration date.
(NOTE: Each state/jurisdiction responds to requests for certification of license history with varying degrees of timeliness. Plan ahead for this so as to avoid delay in submitting your Colorado application.
Step 3: Errors and Omissions (E&O) Insurance. You must have E&O insurance in place on your license before it will be issued on active status. Talk to your employing broker, as some have purchased independent E&O policies.
If you or your broker use the state-endorsed group policy, the vendor, Rice Insurance Services Company (RISC) will automatically download your coverage into our database.
You may enroll in the group policy on-line at www.risceo.com or call them at 1 (800) 637-7319.
If you have independent coverage, you must certify coverage to the commission on the form "Certificate of Independent Coverage".
E&O is not required if you are requesting an "Inactive Status" license. A license will not print if you are issued an Inactive license. You will need to check for your status at Online Services .
Step 4: Complete the application form. Enclose all required documentation and appropriate application fee. You may deliver or mail the application to the DRE. Don't forget that exam scores are only valid for one year. Processing of your application may take up to six weeks. Initial licenses will be issued for a three-year period expiring on the anniversary date of the issuance.
Summary
Continuing Education
Complete 24 hours of continuing education during the 3-year license period by 12/31, which must consist of the following:
? nine (9) Commission Update Course hours, and
? fifteen (15) hours of elective credits.
Transition to the Commission Update Course:
? Brokers who expire in 2003 will need to take one (1) Update Course and 21 hours of electives by the end of their license period
? Brokers who expire in 2004 will need to take two (2) Update courses and 18 hours of electives by the end of their license period
? Brokers who expire in 2005 and thereafter will need to take three (3) Update courses and 15 hours of elective credit within each three-year license period
Brokers who expire in 2003 or 2004 and previously took the 8-Hour Mandatory Course in 2001 or 2002 will not be required to complete the Commission Update Course in 2003 and 2004. Brokers who expire in 2003 or 2004 who previously took the 8-Hour Mandatory Course (in 2001 or 2002) and opt to also take the Commission Update Course may count the Update Course hours as elective credits. (The Commission will in no case require more than 24 hours continuing education credit within any license cycle.)
? Maximum of 8 hours of credit may be earned per day
? No credit may be given for the same course more than once per calendar year
? Hours in excess of 24 may not be carried forward into the next license period
? The Commission Update Course requires a written test (70% score min.)
? Elective courses may or may not be tested at the discretion of the provider
More detailed information available at: http://www.dora.state.co.us/real-estate/
Step 1: Character
In addition to determining competency standards, the Real Estate Commission is authorized by statute to require and procure proof of the truthfulness, honesty and good moral character of any applicant.
PRIOR to submitting an application for a license: each applicant shall submit a set of fingerprints to the Colorado Bureau of Investigation for the purpose of conducting a state and national criminal history record check.
Step 2: Education, Experience and Examination requirements must be documented prior to filing the appropriate application for licensure.
a. Education certificates are furnished by the real estate schools after completion of the course requirements. Official transcripts are required for applicants who qualify based on a degree with a major course of study in real estate from an accredited college or university.
b. An exam score report is furnished immediately upon completing the exam. Exam scores will be sent to the DRE electronically and you will not need to include score reports with your application.
The real estate license examination is made up of two parts, the general part, and the local (state) part. Applicants for licensure who must receive passing scores on both the general part and the state part of the examination need not receive them on the same administration date. If one part is failed, the applicant may retake it at a subsequent time. In no event will a passing score on either part be accepted beyond one year.
c. You must obtain a certificate of license history from each jurisdiction in which you hold or have held a real estate license. If the other license is current (active or inactive), the certificate must be less than 90 days old when you submit your Colorado application. If the other license is expired, the certificate must be dated after the license expiration date.
(NOTE: Each state/jurisdiction responds to requests for certification of license history with varying degrees of timeliness. Plan ahead for this so as to avoid delay in submitting your Colorado application.
Step 3: Errors and Omissions (E&O) Insurance. You must have E&O insurance in place on your license before it will be issued on active status. Talk to your employing broker, as some have purchased independent E&O policies.
If you or your broker use the state-endorsed group policy, the vendor, Rice Insurance Services Company (RISC) will automatically download your coverage into our database.
You may enroll in the group policy on-line at www.risceo.com or call them at 1 (800) 637-7319.
If you have independent coverage, you must certify coverage to the commission on the form "Certificate of Independent Coverage".
E&O is not required if you are requesting an "Inactive Status" license. A license will not print if you are issued an Inactive license. You will need to check for your status at Online Services .
Step 4: Complete the application form. Enclose all required documentation and appropriate application fee. You may deliver or mail the application to the DRE. Don't forget that exam scores are only valid for one year. Processing of your application may take up to six weeks. Initial licenses will be issued for a three-year period expiring on the anniversary date of the issuance.
Summary
Continuing Education
Complete 24 hours of continuing education during the 3-year license period by 12/31, which must consist of the following:
? nine (9) Commission Update Course hours, and
? fifteen (15) hours of elective credits.
Transition to the Commission Update Course:
? Brokers who expire in 2003 will need to take one (1) Update Course and 21 hours of electives by the end of their license period
? Brokers who expire in 2004 will need to take two (2) Update courses and 18 hours of electives by the end of their license period
? Brokers who expire in 2005 and thereafter will need to take three (3) Update courses and 15 hours of elective credit within each three-year license period
Brokers who expire in 2003 or 2004 and previously took the 8-Hour Mandatory Course in 2001 or 2002 will not be required to complete the Commission Update Course in 2003 and 2004. Brokers who expire in 2003 or 2004 who previously took the 8-Hour Mandatory Course (in 2001 or 2002) and opt to also take the Commission Update Course may count the Update Course hours as elective credits. (The Commission will in no case require more than 24 hours continuing education credit within any license cycle.)
? Maximum of 8 hours of credit may be earned per day
? No credit may be given for the same course more than once per calendar year
? Hours in excess of 24 may not be carried forward into the next license period
? The Commission Update Course requires a written test (70% score min.)
? Elective courses may or may not be tested at the discretion of the provider
More detailed information available at: http://www.dora.state.co.us/real-estate/