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Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2014-00651

CCR details

Tracking Number 2014-00651
Type of Filing Emergency
Department 700 Department of Regulatory Agencies
Agency 725 Division of Real Estate
CCR Number 4 CCR 725-2

Proposed rule

Additional Information
Statutory Authority 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.
Purpose/Objective of Rule As a result of the passage of SB14-117, the real estate appraiser practice act statutes have been renumbered. Existing rules now contain inaccurate statute references, which may cause confusion within the industry and result in noncompliance with rules and regulations. Additionally, references to truthfulness, honesty and good moral character have been deleted from the act. SB14-117 requires that applicants for a license meet the fitness requirements as established by board rule. Applicants seeking licensure on and after July 1, 2014 will need to demonstrate compliance with the standards established in rule. As a result, it is imperative that the Board of Real Estate Appraisers revise the existing rules to correctly identify the applicable statutes and modify existing rules regarding prior criminal involvement. The changes in the law go into effect on July 1, 2014.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? Yes
Recent legislation bill number SB14-117
Contact Name Martha Torres-Recinos
Contact Title Rulemaking Administrator
Contact Telephone 303-894-2359
Contact email martha.torres-recinos@state.co.us

Adopted rule

Adopted Rules AdoptedRules02014-00651.RTF
Redline Redline2014-00651.rtf
Emergency Justification EmergencyJustificationPathAttach2014-00651.rtf
Adopted Date 07/01/2014
Emergency AGO requested date 07/02/2014
Attorney General Opinion 07/16/2014
Colorado Register publication date 08/10/2014
Effective Date 07/01/2014
Inserted into CCR 07/23/2014