Colorado Licensed Employing Broker
Colorado has very high
standards for real estate licensees. All Colorado
licensed real estate agents are brokers.
Dave is
licensed
by the State of Colorado at the highest level, as an
Employing Broker.
Levels
of Licensure
Continuing Education
Transactional Law
Oversight
Levels of Licensure
An Associate Broker is usually a new licensee,
who must work under the supervision of an employing
broker for at least 2 years. Sometimes an Associate
Broker is a an agent who has several years experience,
but chooses to remain at the associate level.
Associate Brokers must work under an Employing Broker.
They cannot work alone or supervise other brokers.
An Independent Broker has at least 2 years
experience and has taken additional coursework and
passed a test. Independent Brokers are qualified to
work alone, but not to supervise other brokers.
An Employing Broker has taken advanced training
and passed a further test. Employing Brokers are
licensed to supervise other brokers. They are
responsible for ensuring that Associate Brokers under
their supervision learn the proper practice of
Colorado real estate. Employing Broker are less
responsible for the actions of more experienced broker
associates under their supervision, but are still
responsible for oversight.
Continuing Education
Education is stressed in Colorado. Colorado
licensed real estate brokers are required to take
continuing education every year. Dave takes classes
every year above and beyond what is required to
maintain his license.
Transactional Law
In Colorado, real estate brokers are licensed to
practice transactionally limited law. While we are not
lawyers and must advise our clients to seek legal
advice if they have legal questions, we can handle
most of the legal necessities of transactions we are
involved with.
Oversight
Because of the increased responsibilities of
Colorado licensed brokers, the Colorado Real Estate
Commission oversees all of the approximately 44,000
real estate licensees in Colorado (of which only about
25,000 are
Realtors)
and ensures that they follow their statutory education
and fiduciary requirements to the public. Anyone who
wishes to may file a complaint against a broker with
the Colorado Real Estate Commission. The Commission
will then investigate the allegations. If they are
found to be true, the Commission may publicly censure
or fine the licensee, or suspend or revoke his or her
license.
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