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

CHAPTER 7:	CONTINUING EDUCATION REQUIREMENTS

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 the continuing education requirements for licensed and certified appraisers.
 
Proposed New, Amended and Repealed Rules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 7:	continuing education requirements
	
7.6 Continuing appraisal education shall be at least TWO (2) class hours in duration including examination time (if any).  Continuing appraisal education programs and courses are intended to maintain and improve the appraiser’s skill, knowledge and competency.  Continuing appraisal education courses and programs may include, without limitation, these real estate and real estate appraisal topics:
	A.  Ad valorem taxation;
	B.  Arbitration, DISPUTE RESOLUTION;
C. Business courses related to practice of real estate appraisalCOURSES RELATED TO THE PRACTICE OF REAL ESTATE APPRAISAL OR CONSULTING;
D.  ConstructionDEVELOPMENT cost estimating;
E.  Ethics and standards of professional practice, USPAP;
F.  Land use planning, zoning and taxation;
G.  Management, leasing, brokerage andtimesharing;
H.  Property development, PARTIAL INTERESTS;
I.  Real estate appraisal (valuation/evaluation)REAL ESTATE LAW, EASEMENTS, AND LEGAL INTERESTS;
J.  Real estate lawREAL ESTATE LITIGATION, DAMAGES, CONDEMNATION;
K.  Real estate litigationREAL ESTATE FINANCING AND INVESTMENT;
L.  Real estate financing and investmentREAL ESTATE APPRAISAL RELATED COMPUTER APPLICATIONS;
M. Real estate appraisal related computer applicationsREAL ESTATE SECURITIES AND SYNDICATION;
N.  Real estate securities and syndicationDEVELOPING OPINIONS OF REAL PROPERTY VALUE IN APPRAISALS THAT ALSO INCLUDE PERSONAL PROPERTY AND/OR BUSINESS VALUE;
O.  Real property exchangeSELLER CONCESSIONS AND IMPACT ON VALUE; and
P.   Such other topics as the Board may approve, upon its own motion or upon petition by the course provider or the licensee in a form acceptable to the Board.ENERGY EFFICIENT ITEMS AND “GREEN BUILDING” APPRAISALS; AND/OR
Q.  SUCH OTHER TOPICS AS THE BOARD MAY APPROVE, UPON ITS OWN MOTION OR UPON PETITION BY THE COURSE PROVIDER OR THE LICENSEE IN A FORM ACCEPTABLE TO THE BOARD.

7.11	An appraiser may repeat courses or programs previously completed, subject to the limitation that no course or program may be repeated more frequently than once every two (2) years, except as authorized by the Board continuing education cycle, which is the same as the appraiser’s license cycle.  Education in appraisal ethics and the Uniform Standards of Professional Appraisal Practice, OR ITS AQB-APPROVED EQUIVALENT, areIS not subject to this limitation.