We know that staying in compliance and ensuring your brokerage license remains valid is important to you. While you may have heard the term competency, here is how the Colorado Real Estate Commission (CREC) defines it in CREC Rule 6.2:
“In order to conduct Real Estate Brokerage Services, a Broker must possess the necessary experience, training, and knowledge to provide Real Estate Brokerage Services and maintain compliance with the applicable federal, state, and local laws, rules, regulations, and ordinances.” Read Full Rule >>
This rule is in place to protect consumers and Colorado’s real estate marketplace. Not meeting these requirements could result in the loss of your real estate license.
Five Ways REcolorado Can Help Increase Your Competency
Although REcolorado is not the licensing authority, we stand with you as an industry partner and collaborator, offering an array of resources to support your journey toward success. Get off to the right start by taking a look at the training and knowledge REcolorado offers you so that you can maintain and build your competency.
1. Sharpen Your Skills with REcolorado Classes
Knowing your MLS tools and resources inside and out will help you serve your clients with confidence. REcolorado Education and Development classes provide a deep dive into the essential tools you use each day and are presented by expert trainers live online and in our hands-on training facility. We’re also happy to bring our classes to you with on-site or online training by request.
All REcolorado classes are included with your REcolorado subscription. Earn CE credit by attending qualifying in-person classes available on REcolorado’s Class Registration Page.
To stay informed about educational opportunities, be sure to read the REcolorado Education Newsletter, which provides a weekly schedule of upcoming classes. You can also see a current class schedule in the REcolorado.com Learning Center. Once you’ve completed a class, you can track the CE credit you’ve earned by clicking on the REcolorado Classes and CE Credits icon on your CONNECT Dashboard.
2. Know Your Property Geography
Location is an essential part of real estate, so you want to make sure you know all the geographic details for properties when you are working with clients to buy or sell. If you have a buyer with specific needs when it comes to things like accessibility, proximity to schools, and amenities, the MLS can help! REcolorado Matrix includes tools like Address Quick Search, Maps, Layers, and INRX Drive Time. Additionally, you can get public records information through Matrix Public Records or Realist. For an on-the-go reference, download the REcolorado App, which allows you to search listings, and layer relevant data such as schools, parcel boundaries, flood zones, views, and more.
Pro Tip: Visit the REcolorado Search Learning Path to learn how to use these tools efficiently and effectively.
3. Become a Market Expert
Understanding and staying informed about market statistics helps you provide accurate and reliable information to your clients and prospects. Through your REcolorado subscription, you have access to a variety of tools you can use to hone and highlight your local market expertise, including Market Stats in Matrix, InfoSparks, and FastStats.
Pro Tip: Visit the REcolorado Market Stats Learning Path to learn how you can generate market overviews and localized, in-depth reports to increase your knowledge and share with clients and prospects.
4. Understand REcolorado Rules and Regulations
Making timely status changes, setting up showings correctly, and being cognizant of regulations regarding solicitation, copyright, and more are vital to staying compliant. REcolorado Policies shape and standardize the business practices that all subscribers agree to follow.
Pro Tip: For a quick overview of essential REcolorado policies, download the REcolorado MLS Policy Guide
5. Subscribe to REcolorado News
Our bi-weekly email newsletter is full of news, tips, and resources to help you learn all the REcolorado tools that are available to you, understand real estate concepts that affect your business, and stay up to date with happenings in the industry.
If you’ve opted out of REcolorado communications, we encourage you to resubscribe so you can stay in the know. You can manage your email preferences through the Subscriptions Tab in your REcolorado Pros Account or contact Customer Success for help at (303) 850-9576.
- Understanding Competency in the Real Estate Broker Industry
- Real Estate Broker Continuing Education Requirements
- REcolorado Getting Started Learning Path