Colorado Frequently Asked Questions

Colorado Real Estate Frequently Asked Questions - "Other common questions to consider"

1) How fast can I get my real estate license?
2) What are the basic steps involved in getting my real estate license?
3) What courses should I complete to get started?
4) What content is covered on the licensing exam? What percentage would I need correct to pass?
5) Describe your exam prep courses.
6) How long will I have to complete your courses?
7) Do you guarantee passing?
8) What is the governing body for real estate?
9) What are the state exam locations?
10) How quickly can I do my C.E.?
11) Which electives should I choose and why?
12) What will it cost me to do all this?
13) What if I fail the state exam?
14) How do I get a license to help people apply for loans?
15) What is the average age for your students?
16) Are your courses accredited?
17) Do you have financial assistance? Do you honor the GI Bill?
18) Does my license have reciprocity?
19) See classroom locations and driving directions.

More Frequently Asked Questions

1) How fast can I get my real estate license?

The whole process from education to license in hand will take approximately 3–4 months. Fingerprinting and background check can take up to 16 weeks.

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2) What are the basic steps involved in getting my real estate license?

• Enroll with Kaplan in the Success Package Pre-licensing Course.
  
• Call Denver location to arrange for fingerprinting and CBI services. May also be done at local sheriff’s office (very important to do immediately; can take up to 16 weeks).
  
• Pass Kaplan final exams and receive a REC 33 certificate to be able to sit for Licensing Exam with PSI.
  
• Attend Kaplan Exam Prep; schedule to take exam with PSI within 3–5 business days. Online at www.psiexams.com, or call 1-800-733-9267.
  
• Upon passing licensing exam and receiving results from CBI, then apply for license through CREC. License application can be printed from state website www.dora.state.co.us.
  
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3) What courses should I complete to get started?

Topics include:
Law & Practice (48 credit hours)
CO Contracts & Regulations (48 credit hours)
Practical Applications (32 credit hours)
Trust Accts & Record Keeping (8 credit hours)
Closings (24 credit hours)
Current Legal Issues (8 credit hours)

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4) What content is covered on the licensing exam? What percentage would I need correct to pass?

The content on the licensing exam comes from the above courses.

The Colorado Broker Licensing Exam:

Offered by PSI/ www.psiexams.com $71 exam fee.

2 sections; National portion has 80 multiple-choice questions. State portion has 74 multiple-choice questions. 3 hours and 50 minutes are provided to complete exam, and a score of 75% or higher is required on both parts to pass.

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5) Describe your exam prep courses.

Colorado Exam Prep Features:

• Pre-test to help zero in on individual strengths and weaknesses.
  
• A comprehensive review of the most testable concepts.
  
• Insights into the most common mistakes/tips on test taking.
  
• A mock exam that accurately simulates the real one.

We will build confidence to ensure passing of the exam!

Included in Success Package; can be purchased by itself for $199; 2 days, 16 hours; also virtual.

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6) How long will I have to complete your courses?

All students get six months from the purchase of their course for completion.

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7) Do you guarantee passing?

Students can repeat course free of charge one time, for up to a year, if they fail the licensing exam.

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8) What is the governing body for real estate?

More detail at Div of Real Estate website: www.dora.state.us.co/real-estate

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9) What are the state exam locations?

Centennial, Colorado Springs, Durango, Fort Collins, Grand Junction, Pueblo, and Wheat Ridge.

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10) How quickly can I do my C.E.?

CE will depend on the amount of hours attempting; 8 credit hours, for example, would be approximately 8 hours of material.

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11) Which electives should I choose and why?

Electives will depend on topics of interest.

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12) What will it cost me to do all this?

Course tuition ranges from $799–$1,099. Licensing Exam with PSI is $71 and fingerprinting with school is $15.

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13) What if I fail the state exam?

You can take it again; another $71 charge will apply.

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14) How do I get a license to help people apply for loans?

All mortgage brokers conducting business in Colorado must now complete 40 hours of pre-license education and pass the 100-question state licensing exam in order to obtain their mortgage broker license.

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15) What is the average age for your students?

It varies; we get students anywhere from 18 to 50 years of age and even older.

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16) Are your courses accredited?

They are not accredited, which means they do not transfer to the college level. But they are fully approved for real estate licensing in the state of Colorado.

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17) Do you have financial assistance? Do you honor the GI Bill?

We work with Sallie Mae to provide student loans. Please call the school to see if you qualify.

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18) Does my license have reciprocity?

Possibly; you can get a full list of license recognition from the Colorado Real Estate Commission website at www.dora.state.us.co/real-estate under “License Recognition.”

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19) See classroom locations and driving directions.

Denver: 2150 S. Cherry Street, Denver, CO 80222
Corner of S. Cherry and Warren Streets
2 blocks from the Denver Board of Realtors
Take Evans Ave exit 203 off I-25, go West 1 block on Evans. Make a left on Clermont. Go 1 block to Warren. Make a left. Go 1 block to South Cherry Street. We’re on the northeast corner of Warren & S. Cherry on your left.
Google Map

Denver Board of Realtors (DBR)/Denver Commercial Assoc of Realtors (DMCAR): 4300 E. Warren Ave, Denver, CO 80222
We hold numerous real estate CE classes at DBR/DMCAR (same building)
DBR/DMCAR is located 2 blocks down the street from our Denver facility
Google map

Thornton: 500 E. 84th Avenue, Suite W231, Thornton, CO 80229
SouthEast corner of intersection of I-25 and 84th Ave. Take 84th Avenue exit off I-25. Go 1 block East. Make a right on Grant. This puts you in the parking lot of the North Denver Tech Center (the building we’re in). Go to NorthWest corner of this building and park. You’ll see our “Kaplan Professional Schools” sign on the building. Enter the elevator below our sign and go to the 2nd floor. Our suite is in front of you when you step off the elevator.
Google Map (our suite is located on the NW corner of the building, not where the red arrow points on this map):

Colorado Springs: 1919 N. Union Blvd, Colorado Springs, CO 80909
½ a block south of the intersection of Union Blvd and Constitution Ave.
From I-25, take the Fillmore Street exit. Go East for 2 miles and make a Right onto Union Blvd. Go half a mile, continue past Constitution Avenue, and we’re the next building on your left. Look for our purple Kaplan Professional Schools sign on our front lawn.
Google Map

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