Colorado DRE issues Advisory: License Expiration Date Transition


January 31, 2018

As a result of SB17-215 (Concerning the Continuation Under the Sunset Law of the Division of Real Estate), a real estate broker license will now be renewed on or before December 31 of every third (3rd) year after issuance. All licensees will eventually be on a calendar year cycle for their license renewal. In order to accommodate this transition to a calendar year cycle, the Division of Real Estate has established a transition period for license renewals and reinstatements. What does this mean for you?

For an Initial License

Effective January 1, 2018, any license issued will expire on December 31 of the year of issue. There is no mandatory continuing education requirement(s) during this initial license period. Thereafter, a licensee will renew a license on a calendar year cycle commencing on January 1 of year one (1) and expiring on December 31 of year three (3).


Transition Period For License Renewals

Everyone must renew their license on its upcoming renewal date.

A license expiring on one’s anniversary date in the years of 2018, 2019, or 2020, will be renewed for a period of time equal to two (2) years plus the remaining days in the third (3rd) year to reach December 31. (The length of the transition period is dependent on the anniversary date and could be as long as three (3) years or as short as two (2) years and one (1) day.) Licensees are required to complete the mandatory continuing education requirements during the transition licensing period. Thereafter, a licensee will renew a license on a calendar year cycle commencing on January 1 of year one (1) and expiring on December 31 of year three (3). There will be a proration of renewal fees based upon the time of expiration.


Transition Period For License Reinstatements

An expired license may be reinstated as follows:


Transition period: license renewal examples.

Everyone must renew their license on its upcoming renewal date.

Licensees with a complete and satisfactory application may renew a license expiring on the anniversary date in the years of 2018, 2019, or 2020, for a period of time equal to two (2) years plus the remaining days to reach December 31, as follows:


What effect does the license renewal transition period have on your Continuing Education Requirements?

Licensees must satisfy the continuing education requirements for a licensing cycle prior to applying to renew an active license, to activate an inactive license, or to reinstate an expired license to active status.

During the transition period licensees must continue to satisfy the continuing education required for a licensing cycle prior to applying to renew an active license. Licensees may satisfy the entire continuing education requirement for a license cycle (including the prorated transition period) through one (1) of the following options:

 

The licensee is currently active and did not use the Broker Reactivation Course to satisfy the Rule B-2(a) or (a.1) requirements in the previous license cycle.

 

Licensee is (A) inactive and/or expired for up to thirty-six (36) months prior to activating an inactive license or reinstating an expired license to active status and (B) unable to comply with the education requirements listed in Rule B-2(a) or (a.1).

(Note: Please review the complete Continuing Education Rules (B-1 and B-2) as applied to your particular situation.)