What happens if I do not renew my CO license on time?
Your license will be moved to inactive. An inactive licenseis not cause for disciplinary action, but do remember that you are no longer legally able to act as a real estate broker and earn a commission for your work in Colorado. You can file online to have your license reinstated. The fee to reinstate an active license within 32 days-1 year of expiration is $273. Reinstatement applications for license expired 1-3 years will cost $363.
Related FAQs
When it’s time to renew your Colorado real estate broker license, use the state's online portal. License renewal is available starting 45 days before the expiration date. You will need to complete 24 hours of continuing education each 3-year renewal cycle. Renewing your broker license costs $183.
In your first year, you are exempt from continuing education requirements. An initial broker's license expires at midnight on December 31 of the year it was issued. Once you renew your initial broker license, it will be good for (3) years. You’ll need to take 24 hours of continuing education to keep your license.
If you have an inactive real estate broker license, you must meet the continuing education requirements before you can reactivate your license. This means taking 24 hours of CE before your license expiration date.
Active broker’s licenses are required to take a total of 24 hours of continuing education from an approved provider during the three-year renewal cycle.
You renew an inactive Colorado real estate broker license by completing the same online renewal process as an active license. You’ll need to show you met the continuing education requirement.
You’ll be able to renew your real estate license within 45 days of your expiration date. You must submit your renewal application online. If you fail to do so, after a 31-day grace period, your license will become inactive.
Your license will be moved to inactive, and you are no longer legally able to act as a real estate broker and earn a commission for your work in Colorado.
You can request your real estate broker license be reinstated by submitting an application for reinstatement online. Make sure you meet the licensing requirements, such as fulfilling your continuing education and showing proof of current insurance.