Free Colorado Real Estate License Practice Test Online

Correct answer: B. An associate broker license, working under an employing broker

Correct. Colorado has only one license type, 'real estate broker.' A newly licensed broker with fewer than two years of active experience must work as an associate broker under the supervision of an employing broker per Commission rule.

• A: Incorrect. Colorado eliminated the separate salesperson tier; C.R.S. § 12-10-203 now provides for a single broker license, with entry-level licensees classified as associate brokers.
• C: Incorrect. There is no separate 'provisional broker' category in Colorado law; the associate broker status is not a one-year probationary license, it simply reflects experience level.
• D: Incorrect. Unlicensed assistants may perform limited clerical tasks but 'licensed real estate assistant' is not a Colorado license category.

Correct answer: C. 168 hours

Correct. C.R.S. § 12-10-203(4)(a) and Division of Real Estate rules require 168 hours of qualifying education covering law and practice, contracts, closings, trust accounts/record keeping, current legal issues, and practical application.

• A: Incorrect. 60 hours is far below Colorado's requirement; some other states use lower hour counts, but Colorado does not.
• B: Incorrect. 90 hours does not match Colorado's statutory requirement.
• D: Incorrect. 240 hours overstates the requirement; that figure is not used by Colorado for broker pre-licensing.

Correct answer: B. Real Estate Closings (not less than 24 hours)

Correct. The 168-hour curriculum includes Real Estate Law and Practice (48 hrs), Colorado Contracts (48 hrs), Real Estate Closings (24 hrs minimum), Trust Accounts and Record Keeping (8 hrs minimum), Current Legal Issues (8 hrs minimum), and Practical Application (32 hrs minimum).

• A: Incorrect. Property management is not one of the six mandated 168-hour topic blocks; it is a separate elective/continuing education subject.
• C: Incorrect. Commercial leasing is not a required qualifying-education block under Colorado's broker curriculum.
• D: Incorrect. Auction methodology is not part of the mandated qualifying education topics.

Correct answer: A. The Colorado Real Estate Commission, through the Division of Real Estate

Correct. The Colorado Real Estate Commission, housed within the Division of Real Estate (a DORA agency), licenses brokers, promulgates rules, and approves standard contract forms.

• B: Incorrect. The Colorado Association of REALTORS® is a private trade association; it drafts some practice resources but has no licensing or regulatory authority.
• C: Incorrect. The Secretary of State handles business entity filings, not real estate broker licensing.
• D: Incorrect. The FHFA is a federal agency overseeing Fannie Mae/Freddie Mac and has no role in state broker licensing.

Correct answer: A. Commingling client funds with the broker's own operating funds

Correct. C.R.S. § 12-10-217(1)(i) prohibits converting, diverting, or commingling funds of others with the broker's own funds, and requires such funds be held in a trust/escrow account.

• B: Incorrect. Interest-bearing trust accounts are permitted when properly authorized and disclosed; this is not a violation.
• C: Incorrect. Using Commission-approved forms is required practice, not a violation.
• D: Incorrect. Disclosing available brokerage relationships in writing is a statutory duty under Part 4, not misconduct.