Colder Temperatures Cool Down the Colorado Real Estate Market

Over the past year or so, the media has deceivingly discussed the decline in the real estate market across the U.S. Will there be another 2008? Is another recession around the corner? While these words may instill some fear, that’s where the tall tale ends. Real estate projections in most of the nation all show steady continual opportunities. Most states, Colorado included, are seeing continued above average home sales for this chilly time of year.

After a 6 year long hot real estate market, it is to be expected that the market will cool down. The residential and commercial markets in general remain strong and agents are just now seeing properties remain on the market for longer. Coloradans have seen inventory increases and that’s resulted in increased price reductions and concessions. To put it simply, sellers can’t be as aggressive in their pricing strategy because the market is going from one (sometimes even less) homes per buyer to three or four. This increase gives buyers more options to choose from and less competition when putting in offers. After a heavy multiple offer scenario market, a cool down is a good thing.

Today, nine out of ten home buyers require financing to purchase property. Fortunately, interest rates are lower than this time last year. This dip in interest rates means that buyers shouldn’t just look at the sales price, but also factor in the cost of the loan. Buyers purchasing homes under $500,000 have some big advantages this time of year. Typically, November through February is a great time for buyers to purchase a home and more people should take advantage. Moving expenses are far lower and the power of negotiation and available choices have multiplied.

For agents, buyers and sellers, winter isn’t the easiest time for home showings because of the weather. For agents, this is a great occasion to spend time with family for the holidays and to complete your required continuing education.

This time of year can be stressful enough, completing your continuing education doesn’t have to be! With Real Estate Training Institute, you can stay in and use any internet enabled device to complete your courses.


DO YOU NEED COLORADO APPROVED REAL ESTATE CONTINUING EDUCATION?

Colorado Real Estate Renewal FAQ

How do I renew my Colorado real estate license?

  1. Complete 24-hours of continuing education
  2. Colorado requires that brokers renew their license through their online system. You will need to register for an account if you do not already have one.
  3. Pay the $123 Renewal Fee

What are my Colorado real estate continuing education requirements?

Brokers in Colorado are required to complete 24 hours of continuing education each three-year licensing cycle. Half of those hours (12 hours) must be comprised of three different 4-hour Annual Commission Update Course. These courses are only available from January 1st through December 31st of their year and must be completed prior to December 31st. The remainder of the required hours (12) may be any combination of elective credit hours approved by DORA.

How much does it cost to renew my Colorado real estate license?

$123.00 | Broker Base Rate Renewal

Full fee schedule

How often must I renew my Colorado real estate license?

Colorado Broker licenses must be renewed every three years.

When do I need to renew my Colorado real estate license?

Currently, all Colorado broker licenses expire on the anniversary date of the date of issuance. However, starting January 1, 2018, all licenses will move to a December 31stexpiration date. DORA is currently ironing out the details.

I missed the due date for my Colorado real estate license renewal, can I still renew?

Yes. Brokers in Colorado may renew their license up to two years past their expiration date.

Do I have to complete any continuing education if my Colorado real estate license is inactive?

No. If your license is inactive you do not need to complete any continuing education. Prior to the reactivation your license, you will be required to show proof of completion of the required continuing education or completion of the 24-hour Broker Reactivation course.

If your license has been inactive for longer than three years, you MUST complete either:

  • The State portion of the Colorado Broker’s Exam, or
    • 48 hours in Colorado Contracts & Regulations and 24 hours in Real Estate Closings (for a total of 72 hours)

Where do I find Colorado approved real estate broker continuing education?

Real Estate Training Institute provides online video courses that are approved by the Colorado Division of Real Estate & Available 24/7!

Are your courses approved by Colorado Division of Real Estate?

Yes! Our course approval numbers are included in the course title.

How long do I have to complete my courses after I purchase them?

Individual courses are available for six months from the date of purchase. The purchase of a package will give you access to the coursework for the full length of your licensing cycle (3 years).

A note about the Annual Commission Update course – per Colorado Department of Real Estate requirements, the Annual Commission Update course is only available during the calendar year that course pertains to, and it must be completed prior to December 31st of that year. For example, the current 24-hour complete package includes 2017, 2018, 2019 Annual Commission Update courses in addition to 12 elective hours. Only the 2017 Annual Commission Course has content that is available to be reviewed, and it must be completed prior to December 31, 2017. On January 1, 2018, the 2018 Annual Commission update will be made available to you, and the 2017 Annual Commission update will no longer be available.

Do I have to complete the course at one time?

No! You do not have to complete each course in one sitting. Your courses are available to you from any internet enabled device, and our system will keep track of where you start and stop. Our courses are usually broken into 20-25 minutes intervals, which will make it easy for you to complete your course when it’s convenient for you!


COLORADO BROKER RENEWAL PACKAGE
24 Credit Hours

$169

COLORADO BROKER ELECTIVE PACKAGE
12 Credit Hours

$99


ONLINE STATE-APPROVED REAL ESTATE CONTINUING EDUCATION