A company policy memo needs a Colorado rule for pre-licensure education. Which statement should be included?
Correct Answer
A) Colorado's 2 hours of state-specific PE may be satisfied through a Colorado comprehensive course or state-specific elective or standalone course, and the Colorado-specific education has a 75% final course examination requirement.
Colorado's 2 hours of state-specific PE may be satisfied through a Colorado comprehensive course or state-specific elective or standalone course, and the Colorado-specific education has a 75% final course examination requirement.
Why This Is the Correct Answer
Colorado's 2 hours of state-specific PE may be satisfied through a Colorado comprehensive course or state-specific elective or standalone course, and the Colorado-specific education has a 75% final course examination requirement.
Why the Other Options Are Wrong
Option B: Let production staff decide whether continuing education and renewal matters for the file.
Let production staff decide whether continuing education and renewal matters for the file. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Skip documentation because the annual compliance meeting appears routine.
Skip documentation because the annual compliance meeting appears routine. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
Rely on prior mortgage experience instead of the stated licensing or compliance requirement. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
CO -> co-application-education-testing-and-renewal
Exam Tip
For Colorado education questions, remember 20 PE hours with 2 Colorado law hours and 8 CE hours with no regular Colorado-specific annual CE hour.
Common Mistakes to Avoid
- -Using a national baseline answer when Colorado has a state-specific rule
- -Confusing NMLS workflow, Colorado E-license workflow, DRE guidance, and CCR requirements
- -Treating temporary authority, inactive status, or exemptions as blanket permission
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