How Much Does It Cost to Get Your Real Estate License in Colorado?

How Much Does It Cost to Get Your Real Estate License in Colorado?

Becoming a licensed real estate agent in Colorado is an exciting career choice, offering a chance to work in one of the most dynamic and high-demand markets in the country. However, one of the first questions many aspiring agents ask is, "How much does it cost to get your real estate license in Colorado?"

In this guide, we’ll break down the total cost of obtaining your real estate license in Colorado, from pre-licensing education to exam fees and licensing applications. We’ll also offer tips on how to save money and resources for anyone looking to start their career in real estate.

1. Pre-Licensing Education Costs

Before you can take the licensing exam in Colorado, you must complete 168 hours of pre-licensing education. This education is required by the Colorado Division of Real Estate and covers essential real estate topics, including contracts, finance, ethics, and Colorado real estate law.

• Cost of Pre-Licensing Courses: The cost of pre-licensing education can vary depending on the school you choose. Typically, you can expect to pay anywhere from $300 to $700 for the required 168 hours. Many online schools, including Colibri Real Estate School, offer flexible, self-paced courses designed to fit your schedule and budget.

While the price range can vary, investing in quality pre-licensing education is crucial. Guide Real Estate partners with Colibri Real Estate School to provide our future agents with top-notch educational resources and support throughout the licensing process.

2. Real Estate Exam Fees

After completing your pre-licensing education, you’ll need to pass the Colorado Real Estate Licensing Exam. The exam consists of both a national and state portion, and passing it is a key step in becoming a licensed agent.

• Exam Fee: The cost to take the Colorado Real Estate Exam is approximately $70. This fee is paid directly to the exam provider, Pearson VUE, when you schedule your exam. The exam consists of 150 multiple-choice questions: 80 questions on national topics and 70 questions specific to Colorado real estate laws.

If you don't pass the exam on your first attempt, you’ll need to pay the exam fee each time you retake the test.

3. Licensing Application Fee

Once you’ve passed the exam, the next step is to submit your application for your real estate license to the Colorado Division of Real Estate. Along with your application, you’ll need to submit a criminal background check and pay the required application fee.

• Application Fee: The application fee for a Colorado real estate license is $500. This fee includes the processing of your application and your background check, which is required for all applicants.

If your application is approved, you’ll receive your Colorado Real Estate Broker License, and you’ll be able to practice as a licensed real estate agent in Colorado.

4. Background Check and Fingerprinting

As part of the licensing process, you are required to undergo a criminal background check. This includes submitting your fingerprints to the Colorado Bureau of Investigation (CBI).

• Fingerprinting Fee: The cost for fingerprinting is generally around $30 to $50, depending on the location. Some locations may charge additional processing fees.

This background check is essential to ensure that all agents meet the ethical and legal standards required to work in real estate in Colorado.

5. Continuing Education Costs

Once you're licensed, your learning isn’t over. Colorado real estate brokers are required to complete 24 hours of continuing education every three years to maintain their license. These courses keep you up-to-date on the latest industry regulations and trends. As a value add to our agents, Guide Real Estate covers much of the cost of continued education costs. To learn more about starting with your career at Guide, visit our website here.

• Continuing Education Costs: The cost for continuing education courses can range from $100 to $300 for the entire 24-hour requirement, depending on the provider and course options.

6. Additional Costs to Consider

In addition to the major expenses outlined above, there are a few other costs that new real estate agents may encounter. These can include:

• Exam Prep Materials: While not mandatory, many agents choose to purchase exam prep books or online practice tests to help prepare for the licensing exam. These can cost anywhere from $50 to $150.
• Real Estate Associations and MLS Fees: Once you're licensed, you may decide to join the National Association of Realtors (NAR) or a local MLS (Multiple Listing Service). Membership fees for NAR are typically around $150 to $200 per year, while MLS fees can range from $200 to $500 per year.
• Marketing and Business Development: As a new agent, you'll also need to budget for marketing and business development expenses, including business cards, advertising, and website hosting. This can vary widely based on your needs and goals.

7. Total Estimated Cost Breakdown

Here’s a quick summary of the costs involved in getting your real estate license in Colorado:

Note: Additional costs for exam prep materials, marketing, MLS/association fees, etc., may increase the total cost.

How to Save Money on Your Real Estate License in Colorado

While becoming a licensed real estate agent involves a significant financial investment, there are ways to keep costs manageable:

• Choose Affordable Pre-Licensing Education: Look for quality, affordable online courses. Guide Real Estate partners with Colibri Real Estate School, which offers flexible courses at competitive prices.
• Take Advantage of Discounts: Some real estate schools or exam prep companies offer promotions or group discounts, which can help reduce costs.
• Plan for Continuing Education: If you’re proactive about your ongoing education, you can find affordable options that meet the requirements without overspending.

Final Thoughts

Getting your real estate license in Colorado is an investment in your future. While the upfront costs can seem overwhelming, the rewards of a successful real estate career far outweigh the expenses. Whether you’re working in the high-demand Denver market or serving clients in Colorado’s beautiful mountain towns, becoming a licensed agent offers unlimited earning potential.

If you're ready to start your journey to becoming a licensed real estate agent in Colorado, Guide Real Estate is here to help. We’ve partnered with Colibri Real Estate School to offer affordable and comprehensive pre-licensing courses that will get you on the right path.

Get started today—click here to learn more about our real estate licensing resources and courses!