In Colorado, which type of broker is authorized to operate an independent brokerage and supervise broker associates without being affiliated with another broker?
Correct Answer
C) Employing broker
Under C.R.S. § 12-10-201 et seq., an Employing Broker is licensed to operate an independent brokerage, employ and supervise broker associates, and is responsible for the actions of those associates. This is the highest operational license tier in Colorado.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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