CE Broker Administration Course

(24 credit hours)

Learn how to start, own or manage a real estate brokerage firm.  This course is a practical step-by-step how-to instruction guide.   This course is required to upgrade your Associate Broker license to Employing Broker status. It is also accepted once in a lifetime for the full 24 credit-hours of continuing education required to renew your license.

Broker Administration Course Outline

BA1 - Starting a Real Estate Brokerage

CLASS DESCRIPTION: Are you ready to take on the challenge of starting or managing a real estate brokerage firm? This class will explore the key questions you must ask yourself to ascertain if this is the career path for you. It will also address; the challenges an Employing Broker faces, the advantage and disadvantages of buying a franchise vs. starting from scratch vs. buying an existing firm and the different types of brokerages available.

BA2 - Structuring Your Business

CLASS DESCRIPTION: You've decided to create a brokerage. What do you do now? This class will explore those first legal baby-steps including; choosing a legal entity, (sole proprietor or incorporate), selecting and protecting your names (yes, you need more than one name) and building your legal and financial team.

BA3 - Structuring Your Organization

CLASS DESCRIPTION: The human element. Employees (your staff) and Independent Contrators (your agents) are two separate animals in the eyes of the law and the IRS. Failing to understand these laws and differences could have grave consequences. This class will also cover the advantages and disadvantages of different types of commmission plans and developing the Office Policy Manual as required by the Colorado Real Estate Commission.

BA4 - Structuring Your Brokerage Systems

CLASS DESCRIPTION: Getting an office, phones, computers, showing systems, software, furniture, copiers, networks - the list of items to support your business seems endless. This class will address what you really need, perhaps more importantly what you do not need and what you should be paying.

BA5 - Structuring Your Finances

CLASS DESCRIPTION: Money, Money, Money. A topic so important it has its own class. This class will discuss sources of funds for your new venture, concrete strategies to increase your profitability and a simplified method for creating a financial plan and projecting income.

BA6 - Recordkeeping and Trust Accounting

BA7 - Colorado Real Estate Commission Rules and Regulations

Materials Provided: No materials are necessary

Testing: here is a short test at the end of the course.