DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
BOARD OF REAL ESTATE APPRAISERS
4 CCR 725-2

NOTICE OF PROPOSED PERMANENT RULEMAKING HEARING
July 11, 2013

CHAPTER 2:	Requirements for Licensure as a Real Estate Appraiser

Pursuant to and in compliance with Title 12, Article 61 and Title 24, Article 4, C.R.S. as amended, notice of proposed rulemaking is hereby given, including notice to the Attorney General of the State of Colorado and to all persons who have requested to be advised of the intention of the Colorado Board of Real Estate Appraisers (the “Board”) to promulgate rules, or to amend, repeal or repeal and re-enact the present rules of the Board.

STATEMENT OF BASIS

The statutory basis for the rules titled Rules of the Board of Real Estate Appraisers is Part 7 of Title 12, Article 61, Colorado Revised Statutes, as amended.  

STATEMENT OF PURPOSE

The purpose of this rule is to effectuate the legislative directive to promulgate necessary and appropriate rules in conformity with the statute and the provisions of the federal Financial Institutions Reform, Recovery and Enforcement Act of 1989.

SPECIFIC PURPOSE OF THIS RULEMAKING

The specific purpose of this rule is to amend or repeal existing rules with respect to appraiser licensing requirements. 

Proposed New, Amended and Repealed Rules

[Deleted material shown struck through, new material shown ALL CAPS. Rules, or portions of rules, which are unaffected are reproduced.  Readers are advised to obtain a copy of the complete rules of the Board at www.dora.state.co.us/real-estate/rulemaking/BOREA/index.htm]

CHAPTER 2:	Requirements for Licensure as a Real Estate Appraiser

2.1  An applicant for licensure as a Colorado Registered Appraiser shall successfully complete the following requirements or the substantial equivalent thereof, as set forth in the Required Core Curriculum and Guide Note 1 of the 2008 Real Property Appraiser Qualification Criteria adopted by the Appraiser Qualifications Board of the Appraisal Foundation on February 20, 2004 and amended through May 5, 2006, with an effective date of January 1, 2008, and incorporated by reference in Rule 1.32:
	A.  Real estate appraisal education:
	1.  Basic Appraisal Principles: 30 hours;
	2.  Basic Appraisal Procedures: 30 hours; and
	3.  15-Hour National USPAP Course:  15 hours.
B. Real estate appraisal examination:  Successful completion of the Registered Appraiser examination as provided in Chapter 4 of these Rules.REPEALED.

2.8	AN APPLICANT FOR AN AD VALOREM LICENSE MUST BE A COUNTY ASSESSOR, AN EMPLOYEE OF A COUNTY ASSESSOR’S OFFICE OR AN EMPLOYEE OF THE DIVISION OF PROPERTY TAXATION IN THE DEPARTMENT OF LOCAL AFFAIRS.

A hearing on the above subject matter will be held on Thursday, July 11, 2013, at the Ralph L. Carr Colorado Judicial Center, 1300 Broadway, 1st Floor, Room B01230 A & B, Denver, Colorado 80203 beginning at 9:00 a.m.  PLEASE NOTE:  A valid driver's license will be required in order to access the Judicial Building for security purposes.

Any interested person may participate in the rule making through submission of written data, views and arguments to the Division of Real Estate.  Persons are requested to submit data, views and arguments to the Division of Real Estate in writing no less than ten (10) days prior to the hearing date and time set forth above. However, all data, views and arguments submitted prior to or at the rulemaking hearing or prior to the closure of the rulemaking record (if different from the date and time of hearing), shall be considered.

Please be advised that the rule being considered is subject to further changes and modifications after public comment and formal hearing.