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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.
Click here for more information.
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.
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