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FINRA · 2026 · Free

Free Colorado Real Estate Practice Exam

Colorado practice exam with real exam-style questions covering national content and Colorado-specific state law. No signup required.

154Questions
3 hrs 50 minTime Limit
75%Passing Score
PSI / DORAAdministered By
168 hrsPre-License Hrs

Colorado Real Estate Exam

Practice by CO Real Estate Topic

Target a specific area, or launch the full exam below

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Real Estate Principles

Property ownership, contracts, agency, deeds, fair housing, and appraisal. Core national content.

20 questions
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Real Estate Finance

Mortgages, loan types, RESPA, TILA, title insurance, and closing costs.

20 questions
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Colorado State Law

DORA/DRE rules, Colorado license law, transaction broker duties, promulgated contract forms, HOA disclosures, and Colorado-specific regulations.

25 questions

About the Colorado Real Estate Exam

The Colorado real estate broker associate licensing exam is required by the Colorado Division of Real Estate (DORA). Colorado requires 168 hours of pre-license education — one of the highest in the country — covering law, practice, contracts, and closings. Colorado licenses all practitioners as brokers with a two-tier structure: broker associate and employing broker.

The exam contains 154 questions with a 4-hour time limit and a 75% passing score (116 correct). It is administered by PSI on behalf of DORA and heavily tests Colorado-specific contract forms, particularly the Contract to Buy and Sell Real Estate (CBS).

154Questions
3 hrs 50 minTime Limit
75%Passing Score
PSI / DORAAdministered By
168 hrsPre-License Hrs

Colorado Real Estate Exam Topic Breakdown

SectionApprox. QuestionsKey Topics
National — Real Estate Principles~80Agency, contracts, property rights, fair housing, finance, appraisal
CO State — License Law & CREC Rules~30CREC regulations, broker duties, trust accounts, supervision
CO State — Contract to Buy and Sell~25CBS form structure, dates, earnest money, inspection objection, title
CO State — Other CO Law~19Water rights, HOA Act, Colorado Foreclosure Law, RESPA in CO

Sample Colorado Real Estate Exam Questions

1. Under Colorado's Contract to Buy and Sell Real Estate (CBS), the Inspection Objection Deadline is the date by which the buyer must:

  • A. Complete all physical inspections of the property
  • B. Deliver written objections based on inspection results to the seller
  • C. Resolve all inspection disputes with the seller
  • D. Terminate the contract if inspections reveal unsatisfactory conditions
Correct: B. The Inspection Objection Deadline is the date by which the buyer must deliver written objections to the seller. Missing this deadline means the buyer accepts the property's condition as is. The Inspection Resolution Deadline is a separate date.

2. In Colorado, which of the following best describes a 'broker associate'?

  • A. A fully licensed independent broker who employs other licensees
  • B. A licensed real estate practitioner who works under an employing broker
  • C. An unlicensed assistant supervised by a licensed broker
  • D. A broker who specializes in commercial real estate
Correct: B. Colorado does not have a 'salesperson' license. A broker associate is a licensed real estate broker who works under the supervision of an employing broker — this two-tier structure is unique to Colorado.

3. Colorado requires all real estate licensees to place earnest money into a trust account within:

  • A. 24 hours of receipt
  • B. 3 business days of receipt
  • C. The next banking day after receipt
  • D. 5 days of the contract being fully executed
Correct: C. Colorado Rule E-1 requires earnest money to be placed in a trust account no later than the next banking day following receipt. Failure to comply is a common basis for CREC disciplinary action.

Study Tips for the Colorado Real Estate Exam

Colorado's Contract to Buy and Sell Real Estate (CBS) is the centerpiece of the state portion. You need to understand the full timeline — the inspection, title, due diligence, and loan objection deadlines, what happens when they're missed, and termination rights.

Colorado's water law (prior appropriation doctrine) is unique and heavily tested. Understand how water rights are disclosed and transferred separately from the land. DORA's trust account rules and CREC disciplinary procedures are also high-yield areas.

Licensing in a nearby state? See the Arizona real estate practice exam or the Texas practice exam. National exam content is covered in our national real estate practice exam and the real estate study guide.

How to Get Your Colorado Real Estate License

There are four steps to get your Colorado real estate broker associate license. Most people finish in two to five months. Colorado licenses all agents as Broker Associates — not Salespersons. It is one of the few states that skips the salesperson tier entirely.

168 hrsPre-License Hrs
154Exam Questions
75%Passing Score
PSIExam Provider
Broker AssociateLicense Type

Steps to Get Your Colorado Real Estate License

StepWhat to Do
1. Pre-License EducationComplete 168 hours at a state-approved school. Topics include principles, contracts, finance, and Colorado law.
2. Licensing ExamTake the 154-question exam through PSI. It covers national concepts and Colorado state law. You need 75% to pass.
3. Submit ApplicationSend your results, background check, and fees to the Colorado Division of Real Estate.
4. Activate with a BrokerAttach your license to a sponsoring broker. You cannot work with clients or earn commissions until you do.

What to Focus On for the Colorado State Exam

The Colorado state exam pays close attention to Colorado's mandatory brokerage relationships and the Seller's Property Disclosure. Know these rules well. They appear on the exam and come up in daily practice.

Our free Colorado real estate practice exam covers both national and state content. You can also try the national real estate practice exam or the real estate exam study guide.

Interested in where this license leads? See our guide to real estate careers — including salary ranges, how to break in, and what the career looks like day to day.

Frequently Asked Questions — Colorado Real Estate Exam

How many questions are on the Colorado real estate exam?

The Colorado real estate broker associate exam contains 154 questions with a 4-hour time limit. The passing score is 75%, meaning you need at least 116 correct answers. Administered by PSI on behalf of DORA.

Why does Colorado have 'broker associates' instead of 'salespersons'?

Colorado licenses all real estate practitioners as brokers. A broker associate works under an employing broker. An employing broker can supervise others and operate independently. This two-tier structure was adopted to elevate professional standards.

What pre-license education is required in Colorado?

Colorado requires 168 hours of DORA-approved pre-license education — one of the highest in the US. The curriculum includes Real Estate Law and Practice, Colorado Contracts and Regulations, Real Estate Closings, and Trust Accounts and Record Keeping.

What is Colorado's Contract to Buy and Sell Real Estate?

The CBS is the standard purchase contract approved by the Colorado Real Estate Commission. It contains multiple deadline dates (inspection, title, due diligence, loan objection) and detailed earnest money provisions. It is the most heavily tested document on the Colorado exam.

How does Colorado's water law affect real estate?

Colorado uses the prior appropriation doctrine — water rights are allocated by seniority, not proximity to the source. When selling property with irrigation water rights, those rights must be disclosed and transferred separately from the land.

How long is a Colorado real estate license valid?

Colorado real estate broker licenses are valid for three years. Renewal requires 24 hours of CE including mandatory annual commission update courses.

What are the trust account requirements in Colorado?

Colorado brokers must deposit earnest money into a trust account no later than the next banking day after receipt. The account must be held at a Colorado financial institution and CREC can audit accounts at any time.