Colorado "Broker Application" Fee

[Dominic Arnone]

Once I pass the Colorado real estate licensing exam, I'm unsure of the additional fees that need to be paid.

Can anybody tell me whether I have to pay the $630 "Broker Application Fee" that's listed at DORA in the Application Fee section? I can't tell if that applies to applicants looking to hang their license with an existing broker or not.

https://www.colorado.gov/pacific/dora/node/92791

Thanks!

[Jean Bolger]

Well, it used to be $475, but yes, you have to pay the fee to get licensed. All new licensees have to hang their license with a managing broker for at least two years. If you want to work independently, you have to then take the managing broker exam (the first  exam only qualifies you as an "associate broker")

I think some of the bigger brokerages may have some situations where they cover costs of schooling and licensing for you (meaning they'll front the money and take it out of your commissions later) but I'm not sure.