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

REDLINE

CHAPTER 12:	LICENSE TITLES, LICENSE DOCUMENTS, AND SIGNATURES

12.1	The descriptive license titles defined in Board Rules 1.12, 1.13, 1.14, 1.15, and 1.18, and 1.37 shall must only be used by persons who hold such Board issued license or permit Temporary Practice Permit in good standing. The descriptive license titles may only be used by an individual license holder and may not be used by any other person or group of persons, including a corporation, partnership, or other business entity.

12.4	In each appraisal report or other appraisal related work product, the license held by the appraiser(s) shall must be clearly identified by using the license titles defined in Board rules Rules 1.13, 1.14, and 1.15, 1.18, and 1.37 and including the license number. Such license titles and numbers shall must be identified wherever the licensee signs, by any means or method, the report or other work product, including, but not limited to the:

A.	Letter of transmittal;

B.	Certification of the appraiser(s); and

C.	Appraisal or other work product report form or document, including addenda thereto.

12.5	Repealed.

12.6	An appraiser practicing in Colorado under authority of a Temporary Practice Permit shall must identify the state where they hold licensure, the type of license and the license number, and shall must further state they hold a Temporary Practice Permit and state the permit number in all instances where license type and number are required under this Chapter 12 of these Rules.

12.7	The real estate appraiser’s license or temporary Temporary practice Practice permit Permit document and identification card issued to an initial applicant or renewal licensee applicant shall will remain the property of the Board. Such document and card must shall be surrendered to the Board immediately upon demand. The reasons for such demand may include, but are not limited to, suspension, revocation, surrender, or relinquishment stipulated settlement, or failure to pay required fees.

12.8	When complying with either Board Rule 12.4 or Board Rule 12.6, an appraiser shall must use the full license or permit Temporary Practice Permit title in Board Rules 1.13, 1.14, 1.15, 1.18, and 1.37, or shall must use the appropriate abbreviation as listed below, followed by the license or permit Temporary Practice Permit number. Use of initials only, such as the alphabetical prefix included with each board Board issued permit number to identify the type of license or permit Temporary Practice Permit is prohibited except when necessary to comply with federally implanted data collection or reporting requirements (for example FNMA (“Fannie Mae”) or FHLMC (“Freddie Mac”) implemented policies or guidelines).

Licensed Ad Valorem Appraiser:	Lic. Ad Val App. or Lic. Ad Val Appr.	
Licensed Appraiser:	Lic. App. or Lic. Appr.	
Certified Residential Appraiser:	Crt. Res. App. or Cert. Res. Appr.	
Certified General Appraiser:	Crt. Gen. App. or Cert. Genl. Appr.	
Temporary Practice Permit:	Temp. Prac. Pmt.	

12.9	Repealed.

12.10   When stating the type of license or permit Temporary Practice Permit held, and the number thereof, an appraiser may make use of an impression, provided such impression is legible on each copy of the appraisal report or other work product.

12.11	Where appraisal report forms or other work product forms do not allow space for placing the information required by Board Rule 12.4 or Board Rule 12.6 immediately following the name and signature of the appraiser the required information shall will be placed in the closest reasonable available space on the same page.

12.12	The holder of a license or permit Temporary Practice Permit in good standing may copy the license or permit Temporary Practice Permit document for inclusion in an appraisal report or other appraisal work product. Such copy shall must have the word “COPY” prominently displayed so as to substantially overlay the printed portions of the license or permit Temporary Practice Permit document.

12.13	The requirements of this cChapter 12 of these Rules shall must be complied with in any electronic copy or transmittal of an appraisal report or other appraisal related work product.

12.14	No holder of a license or temporary Temporary practice Practice permit Permit, or any other person, shall will make or cause to be made or allow to be made, any alteration to a Board-issued license or permit Temporary Practice Permit document or copy thereof, other than as provided in Board Rule 12.12.

12.15	No licensee may affix or allow to be affixed the name or signature of a licensee to an appraisal report or other appraisal related work product without the express permission of the licensee for that specific assignment, report, or other work product. Licensees shall must not give blanket permission for affixing their signature to appraisal reports or other work products and may only authorize the use of his or her signature on an assignment-by-assignment basis.

12.16   No licensee shall will permit, through action or inaction, their name or signature to be affixed to an appraisal report or other appraisal related work product without their first personally examining and approving the final version of such report or other work product.