DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
REAL ESTATE COMMISSION
4 CCR 725-1

RULES GOVERNING THE PRACTICE OF REAL ESTATE BROKERS OF THE REAL ESTATE COMMISSION

NOTICE OF PROPOSED PERMANENT RULEMAKING HEARING
December 1, 2020 at 9:00 AM MST

Division of Real Estate Office
1560 Broadway
Denver, CO 80202

	Chapter 3:  Licensure, Renewal, License Status, and Insurance
3.11.	Renewal
A.	No Renewal Requirement for Brokerage Firms
Brokerage Firms are not required to renew their License; however, the Independent Broker or Employing Broker associated with the Brokerage Firm must renew as set forth in Rule 3.11.B.
B.	Renewal Requirements for Brokers
1.	Licensing Cycle for Renewal (Renewal Periods)
	Brokers will renew a License on a Calendar Year Cycle commencing on January 1 of year one and expiring on December 31 of year three.
2.	Notification of Renewal
Notification that a License will expire, unless renewed, will be sent to the electronic mail address on file with the Commission.
3.	Renewal Application
a.	All Brokers, whether on Active or Inactive status, may renew their License beginning forty-five (45) days prior to the expiration date of their License by use of the renewal application form provided by the Commission.
b.	Pay the renewal Fee.
c.	Any Broker who has not submitted fingerprints to the Colorado Bureau of Investigation to be used to complete a one-time only criminal history record check must do so prior to renewal of an Active License. Fingerprints must be submitted to the Colorado Bureau of Investigation for processing in a manner acceptable to the Colorado Bureau of Investigation. Fingerprints must be readable and all personal identification data completed in a manner satisfactory to the Colorado Bureau of Investigation. The Commission may, however, acquire a name-based criminal history record check for an Applicant who has twice submitted to a fingerprint-based criminal history record check and whose fingerprints are unclassifiable. The renewed License will remain on Inactive status until the Commission has received and reviewed the results of a criminal record check.
3.15.	License Reinstatement
Brokers who failed to renew a License as set forth in Rule 3.11.B.3 may Reinstate the Expired License as follows:
A.	If a proper application is made within thirty-one (31) days after the date of expiration of a License, by payment of the renewal Fee, the License will be issued as set forth in Rule 3.11.B.3.
B.	If a proper application is made more than thirty-one (31) days but within one (1) year after the date of expiration of a License, by payment of the renewal Fee and payment of a reinstatement Fee equal to one-half (1/2) the renewal Fee, the reinstated License will be issued with an expiration date of three (3) years beginning from the expiration date of the prior expired License.
C.	If a proper application is made more than one (1) year but within three (3) years after the date of expiration of a License, by payment of the renewal Fee and payment of a reinstatement Fee equal to the renewal Fee, the reinstated License will be issued with an expiration date of three (3) years beginning from the expiration date of the prior expired License.