EstatePass
Practice Of Real EstateLicense LawEASY

James, a Colorado independent broker, fails to renew his license by the expiration date and continues to perform brokerage services for three additional weeks. Under the Colorado Real Estate License Act, this conduct is best described as:

Correct Answer

D) Practicing real estate without a license, which is grounds for disciplinary action.

Under C.R.S. § 12-10-217 and the Colorado Real Estate License Act, performing brokerage services with an expired license constitutes practicing real estate without a license. This is a serious violation and is an explicit ground for disciplinary action by CREC, including potential fines, suspension, or revocation upon reinstatement.

Answer Options
A
A minor administrative violation subject only to a late renewal fee.
B
Permissible, as Colorado provides a 30-day grace period after license expiration.
C
Permissible only if James notifies CREC in writing before the expiration date.
D
Practicing real estate without a license, which is grounds for disciplinary action.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

license_expirationunlicensed_practicedisciplinary_actionscrec

Related Concepts

FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.

A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.

In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.

Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing