Q: Helllo, I am not a licensed Realtor or Broker in CO. I am wondering if I can list a seller's home, take pics & close
I am wondering if I can list a seller's home, take pics & close the deal if I use a Broker for the official $ transaction. Basicly I would do all the listings, showings and negotiations between parties but not handle any $. Is that legal in the state of CO? I am trying to beat local realtor comision's by offering my services by offering a lower % of commission for myself.
A: Sorry, under Colorado law (CRS 12-61-102) a person holding themselves out as a broker OR conducting the work of a broker must be licensed in Colorado. The penalties are sever if you practice without a license – including: fines, jail time, forfeiture of commission, and voiding the sale. The two exceptions are that you could work under a broker licensed in Colorado (salaried employee; no broker commission) or doing work that is not restricted to a broker. As a general rule, you can “sell” rentals or act as a salesperson (just showings) in Colorado without needing a broker’s license.
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