James is a Colorado broker associate who failed to renew his license by December 31. He contacts CREC in February of the following year and wants to reactivate his license. Under Colorado law, what is the maximum period after expiration during which a broker may reinstate the license without retaking the licensing examination?
Correct Answer
D) 3 years after expiration
Under C.R.S. § 12-10-215 and CREC rules, a Colorado broker whose license has expired may reinstate the license without retaking the licensing examination within three years of the expiration date, provided all CE requirements and reinstatement fees are satisfied. After three years, the individual must reapply and retake the exam.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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