Code of Colorado Regulations
700 - Department of Regulatory Agencies
725 - Division of Real Estate
4 CCR 725-2 - RULES GOVERNING THE PRACTICE OF REAL ESTATE APPRAISERS OF THE BOARD OF REAL ESTATE APPRAISERS
Chapter 9 - LICENSURE BY ENDORSEMENT AND PORTABILITY OF PROFESSIONAL LICENSES OF SERVICE MEMBERS AND THEIR SPOUSES

Universal Citation: 700 CO Code Regs 9

Current through Register Vol. 47, No. 17, September 10, 2024

9.1. Pursuant to section 12-10-611(1) and (2), C.R.S., licensure by endorsement will be subject to the following restrictions and requirements:

A. The Board may issue licenses by endorsement only to those Persons holding an Active license or certificate from another Jurisdiction which is substantially equivalent to those described in Rules 1.21., 1.22. or 1.23., with qualification requirements substantially equivalent to those in Rules 2.2., 2.3. or 2.4., respectively;

B. The Applicant must be the holder of an Active license or certificate in Good Standing under the laws of another Jurisdiction;

C. The appraiser regulatory program of the Jurisdiction where the Applicant holds an Active license or certificate in Good Standing must be in compliance with Title XI, FIRREA, as determined by the ASC as defined in Rule 1.38.;

D. The Applicant must apply for licensure by endorsement on a form provided by the Board, pay the specified Fees and meet all other Board requirements, including the submission of a set of fingerprints to the Colorado Bureau of Investigation for the purpose of conducting a state and national fingerprint-based criminal history record check pursuant to section 12-10-606(6)(a), C.R.S;

E. The Applicant must apply for and be issued by the Board a license by endorsement prior to undertaking appraisal activities in Colorado that would require licensure in Colorado; and

F. A license issued by endorsement will be subject to the same renewal requirements as a license issued pursuant to section 12-10-606, C.R.S., and Chapters 7 and 8 of these Rules.

9.2. Portability of professional licenses of service members and their spouses. When a service member or spouse relocates their residency to Colorado because of military orders for military service, and the service member or spouse possesses a Valid licensed or certified credential issued by another Jurisdiction, the Board will grant the service member or spouse the authority to practice in Colorado at the license level substantially equivalent to those described in Rules 1.21., 1.22. or 1.23 conditional on the following requirements being met:

A. Provide a copy of the military orders indicating that the new residency will be in Colorado;

B. The service member or spouse must remain in Good Standing with the Jurisdiction that issued the license;

C. The service member or spouse must have held an Active license during the two (2) years immediately preceding the relocation to Colorado;

D. The service member or spouse must apply for licensure on a form provided by the Board, pay the specified Fee, and provide proof of having in effect a policy of errors and omissions insurance as set forth in Rule 6.10.;

E. The service member or spouse must submit to the authority of the Board for purposes of standards of professional appraisal practices, disciplinary procedures, and fulfillment of any Continuing Education requirements; and

F. The ability to practice in Colorado is valid as long as the military orders are in effect.

Disclaimer: These regulations may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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