Becoming a part of Colorado’s growing real estate market may be a profitable career path, and it may be easier to become a certified real estate agent than you thought. All of the pre-licensing requirements — 48 hours in real estate law and practice, 48 hours in Colorado contracts and regulations, 32 hours in practical applications, 24 hours in real estate closings, eight hours in trust accounts and record keeping and eight hours in current legal issues — can be met by attending one of Colorado’s many real estate schools.
Who Should Attend Colorado Real Estate Schools?
Anyone who has not previously earned a real estate license and who does not have a four-year degree in real estate must complete the education requirements mentioned above.
Meeting Colorado Licensing Requirements
To become a licensed real estate agent in Colorado, you'll have to pass the state's licensing test. With this in mind, you’ll want to make sure you choose the Colorado real estate school that will give you the best chance of passing the exam at the best possible price.
Choosing the Right Kind of School
Real estate licensing exams aren’t easy. Nationwide, more than four in 10 applicants fail the first time they take their state’s licensing exam. And there is no one right school or right method of learning that can be applied to everyone; after all, different people learn in different ways. Research real estate schools before choosing one, and then select the Colorado real estate school whose methods of teaching match the way you learn best, whether you prefer an online school, a private tutor or a traditional classroom. Whatever type of school you choose, make sure it is approved by the Colorado Real Estate Commission (http://www.dora.state.co.us/real-estate/license/licinfo.htm ) or your hours spent learning will not count towards your pre-licensing requirements.
Investing Your Money Wisely
Since it’s not uncommon to fail the exam your first time, you should protect the money you have invested in your education. You can do this by making sure you attend a school with a guarantee that if you don’t pass the exam, you’ll get your money back. This is even more important than a school’s pass rate, because every school is going to have some students that don’t pass on the first try, as a result of the difficulty of the test.
The Reason for the Requirements
The requirement for those practicing real estate to be licensed is beneficial to both real estate agents and their clients. Licensure protects the general public by ensuring that real estate agents handling important financial matters have at least a minimum level of competence. Having a license gives an agent credence and respectability. Once you have obtained a license with the help of Colorado real estate schools, you will be ready to begin your career in the real estate market. In a profession like real estate where you are your own boss, there is no limit to what you can achieve.
By Riannon Cutler
Editor