Question

An INCORRECT statement concerning an applicant for a broker's license who has been convicted or pleaded nolo contendere to a misdemeanor or a felony, or any like municipal code violation, or has such charges pending, etc., within the last ten years is ______________?

1) Required to submit a REC-BAA completion form inclusive of copies of the charges, disposition, pre-sentencing report and most recent probation or parole report
2) Required to have his/her anticipated employing broker submit a letter stating his/her knowledge of the specific charges and/or convictions
3) Required to write and sign a personal explanation and detailed account of the facts surrounding each violation
4) Not eligible to obtain a Colorado broker's license

Answer 1

The incorrect statement is that an applicant is not eligible to obtain a Colorado broker's license based solely on a previous conviction. The truth is that each application is considered on a case-by-case basis, and a conviction does not automatically disqualify an applicant.

Step-by-step explanation:

An INCORRECT statement concerning an applicant for a broker's license who has been convicted or pleaded nolo contendere to a misdemeanor or a felony, or any like municipal code violation, or has such charges pending within the last ten years is that they are not eligible to obtain a Colorado broker's license. While the other statements require applicants to provide thorough documentation and explanations of their charges and convictions, there is not an automatic disqualification for obtaining a license based on a prior conviction alone. Instead, the individual circumstances of each case will likely be considered by the licensing authority.