Which license is required for anyone who lists, leases, buys, exchanges, auctions, negotiates, or sells for compensation in Colorado?

Which license is required for anyone who lists, leases, buys, exchanges, auctions, negotiates, or sells for compensation in Colorado?

• A. A CO Broker license
• B. A CO Real Estate Salesperson license
• C. A Property Manager license
• D. No license required

Answer: (A)

In Colorado, performing real estate brokerage activities for compensation—such as listing, leasing, buying, exchanging, auctioning, negotiating, or selling a property—requires holding a real estate license. The license that authorizes independent real estate brokerage work is the CO Broker license. A real estate salesperson license exists, but it only permits activities under the supervision of a licensed broker and does not grant full independent authority to handle transactions. There isn’t a separate property manager license in Colorado; property managers who engage in brokerage activities must operate under a licensed broker. So, to legally do these listed activities for compensation, you need the CO Broker license.

In Colorado, performing real estate brokerage activities for compensation—such as listing, leasing, buying, exchanging, auctioning, negotiating, or selling a property—requires holding a real estate license. The license that authorizes independent real estate brokerage work is the CO Broker license. A real estate salesperson license exists, but it only permits activities under the supervision of a licensed broker and does not grant full independent authority to handle transactions. There isn’t a separate property manager license in Colorado; property managers who engage in brokerage activities must operate under a licensed broker. So, to legally do these listed activities for compensation, you need the CO Broker license.