Licensing and Examination Information
Colorado State | Dept. of Regulatory Agencies | Div. of Real Estate | Appraiser Information
Introduction
Licensure is
the process by which an agency of state government or other jurisdiction
grants permission to individuals to engage in the practice of a
particular profession, vocation, or occupation and prohibits all
others from claiming those credentials. By ensuring a level of minimum
competence the licensure process protects the general public. It
is the state regulatory agency's responsibility to establish the
acceptable level of safe practice and to furnish the means for determining
whether an individual meets that standard.
Age
An applicant
for an appraisal license shall be at least eighteen years of age.
Rules and Regulations
A current Colorado
Division of Real Estate Manual is available at the Division Office,
by mail order, some local Boards of Realtors®, as well as most public
libraries. All applicants must read, understand and agree to be
governed by these regulations.
See CRS 12-61-701 et seq and Board
Rules for full requirements.
Testing
The Division
of Real Estate (DRE) has contracted with Psychological Services
Inc. (PSI) to administer appraiser exams. Schedule your exam online at the PSI website
Examination
and Licensing Requirements
Psychological
Services Inc. (PSI) For information about
the PSI real estate appraiser examination program
application processes or t o make an exam
reservation with PSI click here to visit the PSI website, or call PSI's Candidate Care Center at 1-(800)
733-9267.
Exam Study Guides
Questions
and Answers to Help You Pass The Appraiser Certification Exams 3rd;
Fisher and Tosh, Dearborn Financial
Publishing, 2000. Phone: 1-800-554-4384; $39.95 plus tax and shipping.
(Mostly Q&A)
Harrison's Illustrated Guide: How to Pass Any General or Residential
Appraisal Examination; Harrison, The H2 Company, 1999. Phone:
1-800-243-4545; $34.95 plus tax and shipping (More comprehensive
study guide)
Application
Application
to the Board must be made within one year of passing the examination.
Obtain current application form and fee schedule from testing
centers or the Division of Real Estate.
Character
The board is
authorized to require and procure proof of the truthfulness, honesty,
good moral character and competency of the applicant in such a manner
as to safeguard the interest of the public. (The application requires
disclosure of criminal actions past or pending, and actions taken
against a professional license held in this or any other jurisdiction).
General Information
Experience may
not be substituted for education, nor vice-versa. Education, and
experience must be real estate appraisal education and experience.
All applicants must successfully complete the appropriate examination.
Do not submit the application until you have met all of the requirements
for the registration, license or certificate for which you are applying.
Temporary Practice Permits
An appraiser licensed or certified
in another state may be granted a Temporary Practice Permit which
recognizes the license from the other state for practice in Colorado
on a short term basis. Temporary Practice Permits are available
for any engagement. The Permit is valid only for the appraisal of
the specific properties listed on the Temporary Practice Permit.
Contact the Division of Real Estate for the permit application.
The fee for the temporary permit is $75.00.
Reciprocity
with other states
Licensing of Out-Of-State Review Appraisers
License History Request
Real Estate Appraisal Education
Colorado may accept a person licensed or
certified in another state at the equivalent Colorado level if the
other states requirements are consistent with those set by the Appraiser
Qualifications Board of The Appraisal Foundation. Colorado does
not accept temporary, trainee, apprentice, or transitional licenses
for reciprocity at any level. Reciprocity applicants must complete
an application for reciprocity, pay the fees and submit a current license
history letter or certificate of good standing from the other state.
Examination, proof of education and review of experience are not
required as these matters were previously handled by the other state.
Contact the Division of Real Estate for the application for reciprocity or download the form RA.pdf .
The Colorado Board of Real Estate Appraisers does not require a review appraiser who conducts a "desk review" while in another state to be licensed in Colorado. Such a reviewer should be licensed by and subject to regulation by the state where they are located when they conduct the review. The Colorado Board has serious concerns about the geographic competency and ability to access relevant data of the appraiser who prepares a "desk review" of property in a distant market.
"field review" to be licensed in Colorado, or be practicing under a temporary permit. In Colorado's view, if any part of the review process is conducted in Colorado, including property inspections, data research, photography, etc., licensure or a temporary permit is required.
License histories are currently being charged for. Please send a check for $15 to BOREA with your reqest for your license history to:
BOREA
1560 Broadway, Suite 925
Denver, CO 80202
Make sure you include your name, license number, contact information and tell what state the license history is to go to. Review your application to that state to tell me whether to mail it directly to that state, or to you - to include with your application. Either way, you will receive a copy for your records at your address you have on file with us.
Contact providers directly for current offerings. Other providers
and other courses may be acceptable on a case by case basis. The
Board does not endorse any particular provider or course of study.
Applicants should bear in mind that real estate appraisal courses
must be at least 15 hours long, have an examination and be from
an approved provider. Avoid courses which duplicate earlier courses.
Please list all potentially applicable course work; the Board will
determine acceptability. Board staff will informally respond to
written inquiries as to acceptability of certain courses or groups
of courses. Informal review is not a guaranty of acceptability.
Links
to education providers
Real Estate Sales and Brokerage Courses
As a general rule, the Board does not accept real estate sales and
brokerage licensing courses as real estate appraisal pre-licensing
education. The Board may accept some of the hours of
instruction contained in the courses required for real estate sales
and brokerage licensing in Colorado. Such hours may be acceptable
to fill in small gaps in an overall program of real estate
appraisal education. Determinations will be made by the Board on a
case by case basis.
FOR ADDITIONAL INFORMATION CONTACT:
Division of Real Estate
1560 Broadway, Suite 925
Denver, CO 80202
Phone: (303) 894-2166
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