200+ Free CO Real Estate Practice Questions
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Key Facts: CO Real Estate Exam
154 Q
Exam Length
PSI CO broker candidate bulletin
80 + 74
National + State Split
PSI CO broker candidate bulletin
75%
Passing Score (Each Portion)
CO DORA
168 hrs
Pre-License Education
DORA licensing requirements
$44.95
PSI Exam Fee
PSI CO fee schedule
57%
First-Time Pass Rate
PSI/DORA 2024
Colorado calls all entry-level licensees 'brokers' (not salespersons) and requires 168 hours of pre-license education ā one of the highest in the nation. The PSI exam has 154 questions (80 national + 74 state) with 75% required on each portion. The state's 57% first-time pass rate reflects the difficulty. Colorado uses transaction-broker as the default brokerage relationship, follows the prior appropriation doctrine for water rights ('first in time, first in right'), and requires settlement funds in trust within 3 business days.
About the CO Real Estate Exam
The Colorado real estate broker exam covers national real estate fundamentals plus Colorado-specific topics including DORA/CREC licensing regulations, brokerage relationships (transaction-broker as default), Colorado contract forms (CBS series), trust account requirements, water rights (prior appropriation doctrine), and the Colorado Common Interest Ownership Act (CCIOA).
Questions
154 scored questions
Time Limit
4 hours total
Passing Score
75% on each portion
Exam Fee
$44.95 (CO DORA / PSI)
CO Real Estate Exam Content Outline
DORA/CREC Licensing & Education
DORA structure, CREC role, 168-hour pre-license education, license types (broker, employing broker), CE (24 hrs/3 years), errors & omissions insurance
CO Brokerage & Agency
Transaction-broker (default), single agent, buyer agency, seller agency, Change of Status form, brokerage disclosure requirements, supervision duties
CO Contracts & Closing
CBS contract series, inspection objection/resolution process, trust account rules (3 business days), closing procedures, title insurance, good funds law
CO Property Regulations
Water rights (prior appropriation), CCIOA, property disclosure (Seller's Property Disclosure), transfer tax (documentary fee), fair housing (HB 25-1090), security deposits
How to Pass the CO Real Estate Exam
What You Need to Know
- Passing score: 75% on each portion
- Exam length: 154 questions
- Time limit: 4 hours total
- Exam fee: $44.95
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
CO Real Estate Study Tips from Top Performers
Frequently Asked Questions
How many questions are on the Colorado real estate broker exam?
The CO exam has 154 total questions: 80 national (2.5 hours) and 74 state-specific (1.5 hours). PSI administers both sections. You must pass each independently with 75% ā 60/80 national and 56/74 state.
Why does Colorado call licensees 'brokers' instead of 'salespersons'?
Colorado eliminated the salesperson license in 1997. All entry-level licensees are called 'brokers,' while experienced licensees who own or manage a firm are 'employing brokers.' This differs from most states that use salesperson/broker/managing broker terminology.
What is a transaction-broker in Colorado?
Transaction-broker is the default brokerage relationship in Colorado, established in 2003. A transaction-broker assists both parties without advocating for either side. They owe duties of honesty, reasonable skill and care, timely disclosure of material facts, accounting, and confidentiality of certain information.
How do water rights work in Colorado real estate?
Colorado follows the prior appropriation doctrine ('first in time, first in right'), not riparian rights. Water rights are separate from land ownership and must be transferred separately in real estate transactions. Well permits, augmentation plans, and water court adjudications are key concepts tested on the exam.
What is the Colorado good funds law?
Colorado's good funds law requires that all funds used for closing a real estate transaction be available (cleared) before the closing agent can disburse. Wire transfers, cashier's checks, and verified electronic transfers are acceptable. Personal checks are not considered 'good funds' unless cleared.