In order to get your real estate license and launch your career in real estate, you must first pass the Colorado real estate exam. This is a comprehensive test that assesses your knowledge and understanding of the critical laws, concepts and practices necessary to run a successful real estate business that provides your clients with the high-quality service they deserve.
If you hear the word “exam” and begin to get anxiety, you’re not alone. Many people aren’t fond of taking tests and may even find them to be challenging. The good news is that you don’t have to be a great test taker to pass the Colorado real estate exam. The real estate exam isn’t hard – the Real Estate Commission states that it’s designed in a way that “a minimally competent candidate” should pass. In other words, an average student new to the concepts associated with the real estate industry should be able to pass with the proper preparation.
The key here is to properly prepare. The real estate exam covers a wide range of topics, and there is a lot of information to learn. At Colorado Real Estate School, our online real estate courses contain all the essential information you need to pass your exam. But you will still need to take your studies seriously and put in the necessary preparation time to ensure you master the information covered on the exam.
The following discussion will provide an overview of the essential topics covered on the Colorado real estate exam so that you’ll know what to expect as you begin your coursework.
The Colorado real estate exam is divided into two sections:
There are 80 questions for the national portion, and you have 120 minutes to complete this section of the exam. The state portion contains 74 questions that must be completed in 110 minutes.
The Colorado real estate exam covers a wide range of topics associated with the real estate industry. Some of the most common categories and topics you can expect to see on the exam include:
Understanding the difference between real and personal property is critical for a real estate agent since these distinctions will impact sales transactions, estate planning and property taxes. In addition, the concept of a fixture and the legal tests used to identify a fixture are important to understand. This term refers to personal property that becomes real property when it gets attached to the land.
Land use and zoning regulations are another important subject to understand since they play an important role in determining how property can be developed and used. These laws establish the types of activities and buildings that are allowed in certain areas and can impact both residential and commercial property development.
The exam will test your knowledge of different zoning categories (residential, commercial, industrial, agricultural and mixed-use). It will also cover concepts such as:
The good news is the real estate math questions aren’t very difficult and they only comprise about 6% of the exam. So even if you’re not strong with math concepts, you can develop the skills to successfully answer these questions.
At Colorado Real Estate School, our online real estate courses break up the math concepts into small chunks that are scattered throughout the course in a series of short, instructor-led videos called “Math Moments.” For those who prefer to learn math concepts by reading, there is a section devoted to real estate math in the textbook. Finally, our “Math Made Simple” section in our real estate exam prep course provides another way to learn these concepts. We’ve found that these varied instruction formats allow people of all different learning styles to master important real estate math concepts.
Fair Housing Laws have been created to ensure individuals aren’t discriminated against when buying, selling, leasing or financing property. The real estate exam will test your knowledge of this law as well as other federal, state and local statutes designed to prevent discrimination. You’ll need to understand the types of practices that are considered discriminatory as well as the exemptions to fair housing laws.
Property valuation is an important topic covered on the Colorado real estate exam, as it assesses your competency with a critical skill associated with being a real estate agent. Your ability to properly assess a property’s value for sales, financing and investment purposes will play a major role in providing high-quality services to your clients.
This section of the exam evaluates your ability to accurately determine the value of properties based on their characteristics, income-generating potential and market conditions. In addition, you’ll need to demonstrate your knowledge of the most common valuation methods, including:
In addition, you’ll need to demonstrate your understanding of loan qualification criteria, financing options, and the impact of market factors and interest rates on real estate finance.
Real estate transactions are legally binding, and you must understand the legal concepts associated with the deals you broker. The real estate exam will test your knowledge of:
You’ll also need to understand the legal requirements for real estate contracts, the processes for title examination and closing transactions, and the implications of different ownership structures.
Our online real estate licensing courses contain all the information covered on the Colorado real estate exam. These courses are developed and taught by licensed, practicing Colorado real estate brokers, ensuring you receive important insights associated with the latest trends impacting real estate agents in Colorado.
You’ll also benefit from our VideoConnect Success Learning System™ containing the largest library of instructor-led video content in Colorado. These videos provide clear, comprehensive explanations of all course materials, making even the most difficult concepts easy to grasp.
When you sign up for our online real estate courses, you’ll also receive:
If you’re looking for additional support to ensure you ace the exam, you can sign up for our Insider’s Ultimate Exam Prep System™. This comprehensive exam prep course contains a full suite of instructional aids that will reinforce all the materials covered in our online real estate courses. As part of this test prep course, you’ll receive access to our exam cram workshop, a live intensive eight-hour webinar with one of our instructors where you’ll receive in-depth reinforcement of the most critical topics you’ll need to master to pass the exam.
Contact us today to learn more about our online real estate courses and our exam prep course.
