C.R.S. § 12-10-202: License required.

(1) It is unlawful for a person, a firm, a partnership, a limited liability company, an association, or a corporation to engage in the business or capacity of real estate broker in this state without first having obtained a license from the commission. The commission shall not grant a person a license until the person establishes compliance with the provisions of this part 2 concerning education, experience, and testing; truthfulness and honesty and otherwise good moral character; and, in addition to any other requirements of this section, competency to transact the business of a real estate broker in such a manner as to safeguard the interest of the public and only after satisfactory proof of the qualifications, together with the application for the license, is filed in the office of the commission. In determining the person's character, the commission shall be governed by section 24-5-101.

(2) The commission may deny a license to an applicant for licensure if the applicant is guilty of any of the offenses listed in section 12-10-217 (1)(n)(I).