Patricia holds an active Colorado broker associate license. She has been practicing real estate for three years and wants to place her license on inactive status while she takes a one-year sabbatical. Under CREC rules, which of the following statements correctly describes the CE requirement for a broker on inactive status in Colorado?
Correct Answer
D) An inactive broker is not required to complete CE hours but must complete all outstanding CE before reactivating the license to active status.
Under CREC rules, a broker on inactive status is not required to complete continuing education hours during the period of inactivity. However, before reactivating the license to active status, the broker must complete all CE hours that would have been required during the inactive period. The license must still be renewed annually, but CE is deferred until reactivation.
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Related Topics & Key Terms
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Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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.
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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