You must be familiar with the Colorado requirements and deadlines to avoid career disruptions. Colorado Division of Real Estate requires licensed real-estate professionals to renew their licenses every 3 years. This guide will guide you through each stage of the process if your Colorado real estate license renewal is approaching.
- Check Your Renewal Deadline
First, determine the date of expiration for your Colorado realty license. Colorado real-estate licenses are good for three years from the date of issue. To find your expiration date, log in to the Colorado Division of Real Estate’s website or check your existing license.
For the best results, begin the renewal process a few weeks before the expiration date. It is important to renew on time to avoid late fees or reinstatement.
- Complete The Requirements For Continuing Education
Colorado requires real estate agents to complete the necessary continuing education hours to renew their license. Colorado real estate licenses require licensed agents to finish 24 hours of CE in each three-year licensing period. These hours include:
- Annual Commission update courses: These are 12 hours of training divided into three four-hour sessions. One course is required for every license year. They cover updates in real estate law, contracts, and other relevant information.
- 12 Hours of Elective Classes: You can choose elective coursework based on your interests and areas of interest. The Colorado Division of Real Estate will approve all elective classes.
There is an option for those who still need to complete the required annual updates courses to fulfill the continuing education requirements. This course lasts 24 hours and can be achieved by anyone.
- Submit Your Renewal Application Online
Once you have met all the requirements of continuing education, it is time to submit your Colorado real estate license renewal application. The Division of Real Estate eLicense is used to complete the renewal process. Here’s what you need to do:
- Login to Your Account: You can access the e-License service using your login credentials. If you do not have an existing account, you must create one.
- Verify Information: Check all personal and professional information to ensure its accuracy. Update your contact information, employment details, and postal address as necessary.
- Submit Continuing Education Data: Check that all CE courses you complete are correctly entered into the System. The Division of Real Estate receives completed CE courses reported by most CE providers. However, it is always a good practice to double-check.
After submitting the form and paying, you will receive a confirmation message. Your updated license will show the new expiration if you meet all requirements.
- Avoid Fees For Late Renewal
It’s essential to renew your Colorado real estate license before it expires. If you fail to renew your license by the renewal date, it will go into “inactive status,” and you won’t be able to conduct any real estate business. You’ll need to pay the standard renewal fees plus a reinstatement fee to reinstate an expired license.
Renewing your membership on time is a simple solution to avoid late fees or complications. It is helpful to set reminders several months before your expiration.
- Keep Up-To-Date With Changes To Requirements
Colorado Division of Real Estate could periodically update licensing guidelines, fees, and continuing education requirements. Keep updated on any changes affecting your Colorado Real Estate License renewal. Keep up to date by visiting the Division of Real Estate’s site, signing up for their newsletters, and attending real estate association meetings.
- Additional Tip For A Smooth Renew
Here are additional tips for Colorado real estate renewal:
- Keep Track Of Your CE Credentials: Use an Excel spreadsheet or tracker to document your CE credits.
- Complete your continuing education courses early: Take your time. Spreading the courses out over 3 years will make it easier.
- Check Email for Renewal Notifications: The Division of Real Estate usually sends reminders via email when your renewal date is near. To ensure you receive these reminders, check your email account to ensure they are accurate.
Conclusion
Colorado real estate license renewal can be a manageable process. Understanding the Colorado realty license renewal requirements and completing all your continuing education courses promptly is the key to ensuring a smooth and fast renewal. To maintain your real estate license, you must be organized and proactive.