Board of Real Estate Appraiser Proposed Rulemaking

Hide Featured Image

On November 4, 2021, the Colorado Board of Real Estate Appraisers (Board) will hold a rulemaking hearing to consider adopting changes to the Rules for Appraisers.

At this rule-making hearing, the Board will contemplate changes to the following chapters of the rules:

  • Chapter 1 – Definitions
  • Chapter 3 – Standards for Real Estate Appraisal Qualifying Education Programs
  • Chapter 5 – Standards for Real Estate Appraisal Experience
  • Chapter 7 – Continuing Education Requirements
  • Chapter 13 – Disciplinary Procedures
  • Chapter 17 – Licensing Requirements for Appraisal Management Companies

Some highlights of the proposed changes include:

  • Chapter 1 – Definitions.
    • Includes defining distance education (synchronous, asynchronous, and hybrid), and biometric proctoring, as well as adopting the most current Real Property Appraiser Qualification Criteria.
  • Chapter 3 – Standards for Real Estate Appraisal Qualifying Education Programs.
    •  Clarifies the number of education hours credited must meet the respective requirements of a specific course delivery method.
  • Chapter 5 – Standards for Real Estate Appraisal Experience.
    • Modifies Rule 5.8 to state that experience gained for work without a traditional client can meet any portion of the total experience requirement. This having to do with practicum courses that are approved by the Course Approval Program (CAP) or the Board can satisfy the nontraditional client experience requirement.
  • Chapter 7 – Continuing Education Requirements.
    • Adding Valuation bias, fair housing, and/or equal opportunity to the approved topics for continuing appraisal education courses and programs, as well as clarifying requirements for synchronous, asynchronous, and hybrid education.
  • Chapter 13 – Disciplinary Procedures.
    • Modifies Rule 13.12 by adding that if an owner of an appraisal management company, possessing any percentage ownership of the licensed entity, has had an appraiser license or certificate refused, denied, cancelled, surrendered in lieu of revocation, or revoked in any jurisdiction, the Board must be informed in writing within ten (10) days of any such matter.
  • Chapter 17 – Licensing Requirements for Appraisal Management Companies.
    • Clarifies that appraisal management companies that meet minimum statutory requirements are to submit the AMC Registry Fee.

To review the full set of proposed rulemaking changes, see the Notice of Proposed Permanent Rulemaking Hearing.

Appraisal Qualifications Board (AQB) Adopts Changes to Real Property Appraiser Qualification Criteria

On August 24, 2021, the Appraiser Qualifications Board (AQB) adopted a new edition of the Real Property Appraiser Qualification Criteria (Criteria), which will go into effect on January 1, 2022. You can read the Second Exposure Draft of Proposed Changes to the Criteria and the First Exposure Draft of a Proposed General Interpretation of the Criteria which were both adopted in the new Criteria. On September 29, 2021, the AQB released Q&As about the 2022 Criteria. For more information, please visit