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Under Colorado law, what is the entry-level real estate license category issued to a newly licensed real estate professional?

Correct Answer

D) Broker Associate license

Under C.R.S. § 12-10-201 et seq., Colorado eliminated the salesperson license category and now issues only broker licenses. A newly licensed real estate professional receives a Broker Associate license and must work under an Employing Broker until they meet the experience requirements to become an Independent Broker.

Answer Options
A
Independent Broker license
B
Salesperson license
C
Provisional Broker license
D
Broker Associate license

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Related Topics & Key Terms

Key Terms:

broker_associatelicense_categoriesno_salesperson_licensecrec

Related Concepts

Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.

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