Appraiser Information
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. Licensure is voluntary in Colorado except for appraisals done for federally guaranteed or insured loans and for property tax assessment personnel.
If you are unsure of the date of your license expiration this information can be found printed on your license.
7 Hour National USPAP Update Course Audit Compliance Period January 1, 2007 - December 31, 2009
The Division of Real Estate Board of Real Estate Appraisers is conducting a 7 Hour National USPAP Update Course audit for the compliance period January 1, 2007 - December 31, 2009. USPAP Audit Letter
List of Those Licensees Being Audited
Received Certificates and Fines
Online Renewal will be available November 15th for those who are compliant with the USPAP audit requirements. If your license number is on the audit list you must comply with audit before you can renew. If your license number is not included on the audit list you may renew your license online November 15th.
YOU WILL NOT BE ABLE TO RENEW YOUR LICENSE UNTIL YOU HAVE COMPLIED WITH THE USPAP AUDIT.
Pursuant to Section 1404 of the Housing and Economic Recovery Act of 2008, revised eligibility requirements will be implemented for appraisers to qualify for placement and retention on the FHA Appraiser Roster.
No later than October 1, 2009, all FHA Appraiser Roster appraisers must be state "certified" and meet education requirements in order to be eligible to conduct appraisals for FHA-insured mortgages and remain on the FHA Appraiser Roster.
The full text of HUD's Mortgagee Letter 2008-39 can be found on their website. More information can be found at http://www.hud.gov/offices/hsg/sfh/appr/faqs_appraiser.cfm.
Please refer to pages 10-1 through 10-5 of the Colorado Division of Real Estate Manual which sets forth the requirements to upgrade to a Certified Residential or Certified General license.
If you have questions or concerns about HUD’s requirements, please visit their links above.
ATTENTION APPRAISERS SEEKING A LICENSE UPGRADE
THE DIVISION OF REAL ESTATE IS EXPERIENCING AN EXTREMELY HIGH VOLUME OF LICENSE UPGRADE APPLICATIONS.
DUE TO THIS EXTREMELY HIGH VOLUME OF APPLICATIONS THERE MAY BE A DELAY OF 3 - 5 MONTHS IN THE PROCESSING OF YOUR APPLICATION. WE APOLOGIZE FOR ANY INCONVENIENCE THIS MAY CAUSE.
For information on the HVCC, visit the following websites:
- Fannie Mae (HVCC and Frequently Asked Questions)
- Freddie Mac (HVCC and Frequently Asked Questions)
- Federal Housing Finance Agency
Verify licensure with the ASC National Registry.
Notice Regarding Appraiser License Applications
Segmented Approach - 2008 Criteria
Appraiser Advisory 2008 Criteria .pdf (32.7 KB) 06/18/2007*New
Letter to the Appraisal Subcommittee
- Erin Toll .pdf (807 KB)
Revisions to the Real Property Appraiser Qualification Criteria that have been passed by the AQB
AQB Guide Note 4 Final .pdf (199 KB)
AQB Guide Note 5 Final .pdf (19KB)
2008 Qualification Criteria Changes
On February 20, 2004, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that will become effective on January 1, 2008. These changes represent the minimum national requirements that each state must implement for individuals applying for a real estate appraiser license or certification as of January 1, 2008.
Visit the Appraisal Foundation website for more information regarding the Appraiser Qualifications Board,
The Real Property Appraiser Qualification Criteria and Interpretations of the Criteria.
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
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 a special application, 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.
Residential Borrowers May Receive Copy of Appraisal
December, 1991 amendments to the federal Equal Credit Opportunity Act, known as 12 USCA Section 1691(e), require a lender to provide, on written request, a copy of the appraisal report to any person who applies for a residential mortgage.
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