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Frequently Asked Questions
| Q. |
What is a grace period? |
| A. |
Buyer Agents whose license expiration date has expired are granted an additional 30 day grace period in which to renew their license. A grace period is additional time that is granted as a courtesy to an applicant so that they may have time to renew their license. This grace period begins the 1st day after the license expiration date. A late fee will be applied. See the Fee Schedule. |
| Q. |
What if my license has expired and so has the grace period? |
| A. |
If your license has expired and so has the grace period, you will need to re-apply. This requires a new application and bond. See the Licensing page for more details on how to apply for license. Note that you will be required to follow all of the requirements listed. |
| Q. |
Do I need to provide verifiable ID? |
| A. |
Yes, verifiable ID is generally required for original & renewal applications.
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| Q. |
I forgot to mention on my license application that I was recently arrested, what should I do? |
| A. |
Excluding traffic violations, you are required to notify the Auto Industry Division immediately and within 30 days after receiving a conviction. A license can be denied for failure to disclose your criminal history and failure to provide court documents. Failure to disclose your criminal history is considered a material misstatement in an application for a license (12-6-118 C.R.S.) and could be grounds for denial of a Dealers license.
See Laws & Regulations page.
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| Q. |
I was recently arrested but the charges were dismissed, do I need to notify the Auto Industry Division of this event? |
| A. |
Yes, you are required to notify the Auto Industry Division right away and provide all related arrest documents. Failure to disclose your criminal history (or recent arrests) is considered a material misstatement in an application for a license (12-6-118 C.R.S.) and could be grounds for denial of a Dealers license.
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| Q. |
Does the Auto Industry Division have a listing of bond providers? |
| A. |
No, the Auto Industry Division does not have a list and does not make recommendations of this nature. AID recommends that you contact your insurance agent. You may also look in the Yellow Pages under "Surety Bonds."
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