Cost To Get Real Estate License In Colorado
Real estate is a lucrative business that can be quite rewarding if you have the necessary skills and expertise. However, before you start selling properties in Colorado, you need to obtain a real estate license. In this article, we will discuss the cost of getting a real estate license in Colorado and the steps you need to follow to become a licensed real estate agent.
What Are The Requirements To Get A Real Estate License In Colorado?
Before you can obtain a real estate license in Colorado, you need to meet certain requirements. First and foremost, you must be at least 18 years old and have a high school diploma or equivalent. You must also complete 168 hours of pre-licensing education from a state-approved real estate school. This education consists of both classroom and online courses and covers topics such as real estate law, contracts, and finance.
Additionally, you must pass the Colorado Real Estate Broker's Exam, which consists of two parts: a national portion and a state-specific portion. You must achieve a score of at least 75% on each part to pass the exam. Finally, you must undergo a criminal background check and be approved by the Colorado Real Estate Commission.
What Is The Cost Of Getting A Real Estate License In Colorado?
The cost of getting a real estate license in Colorado varies depending on several factors. First and foremost, you need to consider the cost of the pre-licensing education. The cost of this education can range from $400 to $1,000 depending on the real estate school you choose.
Additionally, you need to consider the cost of the Colorado Real Estate Broker's Exam. The exam fee is $92 for the national portion and $92 for the state-specific portion. If you fail one or both parts of the exam, you can retake the exam for an additional fee of $92 per part.
Finally, you need to consider the cost of applying for a real estate license in Colorado. The application fee is $50, and the license fee is $350. These fees are non-refundable, so it's important to make sure you meet all the requirements before applying for a license.
How Long Does It Take To Get A Real Estate License In Colorado?
The time it takes to get a real estate license in Colorado varies depending on several factors. First and foremost, you need to complete 168 hours of pre-licensing education, which can take anywhere from 6 weeks to 6 months depending on your schedule and the real estate school you choose.
After completing the pre-licensing education, you need to pass the Colorado Real Estate Broker's Exam. The exam is offered year-round, and you can schedule it at a testing center near you. Once you pass the exam and complete the other requirements, it can take up to 6 weeks to receive your real estate license in Colorado.
Conclusion
Obtaining a real estate license in Colorado can be a time-consuming and costly process, but it's a necessary step if you want to pursue a career in real estate. By following the steps outlined in this article and investing in your education, you can become a licensed real estate agent in Colorado and start selling properties in no time.