194+ Free CO Real Estate Practice Questions

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Which state agency oversees the Colorado Real Estate Commission (CREC)?

Department of Regulatory Agencies (DORA)

Colorado Department of State

Colorado Division of Commerce

Colorado Attorney General's Office

to track

2026 Statistics

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 requires 168 hours of pre-license education — one of the highest nationwide. The PSI exam has 154 questions (80 national + 74 state, 75% each) with a 57% first-time pass rate. Transaction-broker is the default brokerage relationship. Colorado follows the prior appropriation doctrine for water rights ('first in time, first in right').

Sample CO Real Estate Practice Questions

Try these sample questions to test your CO Real Estate exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 194+ question experience with AI tutoring.

1Which state agency oversees the Colorado Real Estate Commission (CREC)?

A.Department of Regulatory Agencies (DORA)

B.Colorado Department of State

C.Colorado Division of Commerce

D.Colorado Attorney General's Office

Explanation: The Colorado Real Estate Commission (CREC) operates under the Department of Regulatory Agencies (DORA). DORA oversees numerous professional licensing boards in Colorado, with CREC specifically handling real estate licensing and regulation.

2What is the entry-level real estate license called in Colorado?

A.Real estate salesperson

B.Real estate associate

C.Real estate broker

D.Real estate agent

Explanation: Colorado eliminated the salesperson license in 1997 and now calls ALL entry-level licensees "brokers." This is unique compared to most other states that use a salesperson or associate designation for entry-level licensees.

3How many hours of pre-license education does Colorado require before taking the real estate exam?

A.120 hours

B.90 hours

C.168 hours

D.200 hours

Explanation: Colorado requires 168 hours of pre-license education, which is one of the highest requirements in the nation. This extensive education covers both national and Colorado-specific real estate topics.

4How many continuing education (CE) hours must a Colorado broker complete per renewal cycle?

A.12 hours every 2 years

B.30 hours every 2 years

C.48 hours every 4 years

D.24 hours every 3 years

Explanation: Colorado brokers must complete 24 hours of continuing education every 3-year renewal cycle. This includes the Annual Commission Update course and other CREC-approved courses to keep licensees current on real estate laws and practices.

5What type of insurance is REQUIRED for all active Colorado real estate brokers?

A.General liability insurance

B.Surety bond

C.Errors and omissions (E&O) insurance

D.Professional malpractice insurance

Explanation: Colorado requires all active real estate brokers to maintain errors and omissions (E&O) insurance. This coverage protects licensees and their clients against claims arising from negligent acts, errors, or omissions in the performance of real estate services.

6How many total questions are on the Colorado real estate broker licensing exam administered by PSI?

A.120 questions (80 national + 40 state)

B.140 questions (80 national + 60 state)

C.170 questions (100 national + 70 state)

D.154 questions (80 national + 74 state)

Explanation: The Colorado PSI real estate exam consists of 154 total questions: 80 on the national portion and 74 on the state-specific portion. Candidates must score at least 75% on each portion independently to pass.

7What minimum passing score is required on EACH portion of the Colorado real estate exam?

A.75%

B.70%

C.80%

D.65%

Explanation: Candidates must score at least 75% on both the national portion and the state-specific portion of the exam. The scores are calculated independently, meaning you could pass one portion and fail the other.

8In Colorado, what is the role of the "employing broker"?

A.A broker who only handles commercial transactions

B.A broker licensed in multiple states

C.A broker who specializes in property management

D.The firm owner or manager who supervises other brokers

Explanation: In Colorado, the employing broker is the firm owner or manager responsible for supervising all licensed brokers working under them. The employing broker holds ultimate responsibility for the actions of associated brokers and the brokerage operations.

9When did Colorado eliminate the real estate salesperson license category?

A.1997

B.1990

C.1985

D.2003

Explanation: Colorado eliminated the salesperson license in 1997, making it one of the first states to adopt a single-license system. Since then, all entry-level licensees in Colorado are called "brokers" and must work under an employing broker.

10What is the approximate first-time pass rate for the Colorado real estate exam?

A.72%

B.57%

C.63%

D.49%

Explanation: The approximate first-time pass rate for the Colorado real estate exam is 57%. This relatively low rate reflects the difficulty of the 154-question exam and the extensive state-specific content covering Colorado's unique real estate laws.

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

25%

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

25%

CO Brokerage & Agency

Transaction-broker (default), single agent, buyer agency, seller agency, Change of Status form, brokerage disclosure requirements, supervision duties

25%

CO Contracts & Closing

CBS contract series, inspection objection/resolution process, trust account rules (3 business days), closing procedures, title insurance, good funds law

25%

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

1Master CO terminology: Broker (entry-level), Employing Broker (firm owner/manager) — no salesperson license exists

2Know transaction-broker duties: honesty, reasonable skill & care, timely disclosure, accounting, confidentiality

3Study prior appropriation water rights: 'first in time, first in right,' water rights transfer separately from land

4Learn trust account rules: deposits within 3 business days, employing broker is responsible, CREC audits

5Memorize CO education requirements: 168 hours pre-license, 24 hours CE every 3 years, errors & omissions insurance required

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% — 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.