Kevin is a Colorado broker who completed 20 hours of CE during his current three-year renewal cycle, including the required Annual Commission Update courses for each year. He wants to renew his license before December 31. What is the consequence of Kevin attempting to renew his license with only 20 completed CE hours?
Correct Answer
C) Kevin cannot renew his license until he completes the full 24 hours of required CE; renewal with incomplete CE is not permitted.
Under CREC rules and C.R.S. § 12-10-215, brokers must complete all required CE hours before renewing their license. Colorado does not provide a post-renewal grace period for completing outstanding CE. Kevin must complete the remaining 4 hours before he can submit a valid renewal application.
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Related Topics & Key Terms
Key Terms:
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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