Everything You Need To Know About Colorado Real Estate Education
In the past couple of years, Colorado Springs has emerged as one of the most promising housing markets in the States. More houses to be bought or sold mean more opportunities for Real Estate professionals. That means more people getting onboard.
Or, you simply like the thrill of consistently networking, negotiating contracts and seeking out selling opportunities.
Either way, the demand for Real estate brokers, sales agents, and consultants are at an all-time peak in Colorado. If it’s your dream career, you are in luck.
This post is for all the Real Estate aspirants who want to jump into this career line but have very little information about how to go about it. We’ll be covering a specific topic people are too shy to ask – What will they teach you in a Real Estate School in Colorado – and much more.
But before that, let’s understand why you’ve done great choosing Real Estate as your career!
Real Estate Market in the States: Real Facts
-The vacancies for real estate brokers and sales agents are projected to increase by 11% by 2022, According to a report by the Bureau of Labor Statistics. The United States is expected to have 380,300 sales agents and 88,300 brokers by the same time frame.
-Real Estate is consistently ranked under #100 Best Jobs in the U.S. News & World Report.
-With an average salary base of $96,820 and a whopping 138% growth in job postings, Real Estate maintains a #9 position in the Job posting list by Indeed.
-The median income for a realtor in the U.S. in 2018 is $47,074, according to Payscale.com.
Real Estate in Colorado Springs: Education Requirements
The realtor education is different through the States and so are the licensing requirements, the application process, fees, exam style, and the topics covered in the Real Estate education.
For you to get a Real Estate license in Colorado state, you’ll have to complete a compulsory 168 pre-licensing education and only then you’ll be eligible to sit in the Real Estate licensing exam.
The topic break-down is as follows:
-Real Estate Law and Practice (48 hours)
-Colorado Contracts and Regulations (48 hours)
-Trust Accounts and Record Keeping (8 hours)
-Current Legal Issues (8 hours)
-Real Estate Closings (24 hours)
-Practical Applications (32 hours)
Moreover, you need to pass both the national and state portion of the Colorado real estate broker exam.
As a Real Estate broker or agent, your education never really stops. You need to keep up with the change in trends, contracts, and any new-age stuff that’s coming in.
Colorado Real Estate education requires all realtors to complete 24 hours of continuing education every three years of your license. The course comprises of 12 hours of elective credits and the rest for 4-hour Annual Commission Update Course.
Annual Commission Update
Every active Real Estate professional is expected to take this compulsory four-hour course and pass the exam. This annual course covers recent issues around rules & regulatory and practices.
There are various ways you can take up and complete Real Estate education – by attending regular classroom courses, online Real Estate schools or a hybrid of both as we provide at HIRED Schools. You get to attend regular sessions by industry professionals, catch up with your batchmates if you miss any class with our live streaming classes, and have every course material available online. Enroll in our Real Estate Pre-Licensing Course today!