Helen is a Colorado broker who holds both an active Colorado broker license and an active license in Wyoming. She completes a 6-hour CE course that is approved in Wyoming but not approved by CREC. She wants to apply those 6 hours toward her Colorado CE requirement. Under CREC rules, what is the correct outcome?
Correct Answer
D) Helen may not apply those hours to her Colorado CE requirement because the course is not approved by CREC.
Under CREC rules, only courses that are specifically approved by CREC may be used to satisfy Colorado's CE requirements. A course approved in another state — even a state with which Colorado has a reciprocity arrangement — does not automatically qualify for Colorado CE credit. Helen must complete CREC-approved courses to satisfy her Colorado CE obligation.
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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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