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COLORADO state exam Questions
and Answers Latest 2026
In Colorado, which of the following individuals is exempt
from real estate license law?
1 An investor who owns multiple investment properties
and sells 1 to an owner-occupant.
2 A right-of-way specialist who finds investment acreage
for a friend and subsequently accepts a commission
referral.
3 An attorney who assists in marketing a property and
collects a 5% commission.
4 An inactive licensee who assists a friend with a
purchase offer. Ans: 1. investor who owns multiple
investment props and sells 1 to an owner-occupant
Private owners are not subject to real estate license laws
When the employing broker of a corporate brokerage is
suddenly unable to continue in that position, to whom
may the Commission issue a temporary "hardship"
license?
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1 A person with sufficient ownership interest in the
corporation.
2 A Colorado licensee approved by the corporate board
of directors.
3 A member of the board of directors.
4 An officer or director with a broker's license from
another state. Ans: A temporary hardship license for a
corporate brokerage can only be issued to a broker or
associate broker licensed in Colorado. The requirements
for ownership and director status are waived.
Which of the following is TRUE for a person maintaining
an inactive Colorado real estate license?
1 They must maintain errors and omissions insurance.
2 They must pay regular renewal fees, but are not
required to take continuing education courses while
holding this license status.
3 They must complete the usual continuing education
and pay the renewal fees when due.
4 They may perform no more than 5 brokerage activities
in any 1 year. Ans: 2.
An inactive licensee does not need continuing education
while on inactive status. Renewal of the license requires
payment of the normal renewal fee. Inactive licensees do
not need errors and omissions insurance and may not
© 2025 All rights reserved
COLORADO state exam Questions
and Answers Latest 2026
In Colorado, which of the following individuals is exempt
from real estate license law?
1 An investor who owns multiple investment properties
and sells 1 to an owner-occupant.
2 A right-of-way specialist who finds investment acreage
for a friend and subsequently accepts a commission
referral.
3 An attorney who assists in marketing a property and
collects a 5% commission.
4 An inactive licensee who assists a friend with a
purchase offer. Ans: 1. investor who owns multiple
investment props and sells 1 to an owner-occupant
Private owners are not subject to real estate license laws
When the employing broker of a corporate brokerage is
suddenly unable to continue in that position, to whom
may the Commission issue a temporary "hardship"
license?
© 2025 All rights reserved
, 2 | Page
1 A person with sufficient ownership interest in the
corporation.
2 A Colorado licensee approved by the corporate board
of directors.
3 A member of the board of directors.
4 An officer or director with a broker's license from
another state. Ans: A temporary hardship license for a
corporate brokerage can only be issued to a broker or
associate broker licensed in Colorado. The requirements
for ownership and director status are waived.
Which of the following is TRUE for a person maintaining
an inactive Colorado real estate license?
1 They must maintain errors and omissions insurance.
2 They must pay regular renewal fees, but are not
required to take continuing education courses while
holding this license status.
3 They must complete the usual continuing education
and pay the renewal fees when due.
4 They may perform no more than 5 brokerage activities
in any 1 year. Ans: 2.
An inactive licensee does not need continuing education
while on inactive status. Renewal of the license requires
payment of the normal renewal fee. Inactive licensees do
not need errors and omissions insurance and may not
© 2025 All rights reserved
