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Account Closed
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Advice on getting licensed in Colorado

Account Closed
Posted

Hi,

I am working with an investor to acquire residential properties in Colorado to buy and hold. I am going to serve as our agent. Does anyone have recommendations on the best place to acquire my license and a program that will prepare me to effectively negotiate deals, paperwork, etc? Are there real estate agencies I could work with that would sponsor my licensing? 

Thanks in advance.

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Teri Feeney Styers
  • Real Estate Agent
  • Grand Junction, CO
736
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Teri Feeney Styers
  • Real Estate Agent
  • Grand Junction, CO
Replied

@Account Closed you don't need a license to write deals for yourself in Colorado (buying or selling). You do need one if you are writing on behalf of others. I suppose you could take the licensing classes to learn the ins and outs of Colorado contracts and law - and not take the license test. But in reality, there is a lot of other stuff going on in negotiations and the best way to learn is to use someone with experience to guide you. If you are a buyer, and a property is an MLS listed property, then use a realtor as your buyer's agency - generally they are paid by the seller for the transaction. Don't go through the listing agent. Licensing in Colorado is stricter than other states. Once you obtain a license you must work under an employing broker for at least two years before you are allowed to create your own company. Real estate is like any job. You might go to school (college) for a foundational education - but the real learning starts when you get that first job.

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