4 Colo. Code Regs. § 725-2, ch. 12
Current through Register Vol. 47, No. 22, November 25, 2024
Chapter 12 - LICENSE TITLES, LICENSE DOCUMENTS, AND SIGNATURES12.1. The descriptive license titles defined in Rules 1.21., 1.22., 1.23., 1.32., 1.24., 1.25., and 1.26. must only be used by Persons who hold such Board issued license or Temporary Practice Permit in Good Standing, as defined in Rule 1.55.12.4. In each appraisal report or other appraisal related work product, the license held by the appraiser(s) must be clearly identified by using the license titles defined in Board Rules 1.21., 1.22., 1.23., and 1.24. and including the license number. Such license titles and numbers 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); andC. Appraisal or other work product report form or document, including addenda thereto.12.6. An appraiser practicing in Colorado under authority of a Temporary Practice Permit must identify the state where they hold licensure, the type of license and the license number, and 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 Chapter 12 of these Rules.12.7. The real estate appraiser's license or Temporary Practice Permit document and identification card issued to an Initial Applicant or Licensee will remain the property of the Board. Such document and card must be surrendered to the Board immediately upon demand and any digital copy deleted. The reasons for such demand may include, but are not limited to, suspension, revocation, surrender, or relinquishment.12.8. When complying with either Rule 12.4. or Rule 12.6., an appraiser must use the full license or Temporary Practice Permit title in Rules 1.21., 1.22., 1.23., 1.32., and 1.24., or must use the appropriate abbreviation as listed below, followed by the license or Temporary Practice Permit number. Use of initials only, such as the alphabetical prefix included with each Board issued number to identify the type of license or Temporary Practice Permit is prohibited except when necessary to comply with federally implanted data collection or reporting requirements (e.g., FNMA ("Fannie Mae") or FHLMC ("Freddie Mac") implemented policies or guidelines). Licensed Ad Valorem Appraiser: | Lic. Ad Val App. or Lic. Ad Val |
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. Gen. Appr. |
Temporary Practice Permit: | Temp. Prac. Prmt. |
12.10. When stating the type of license or 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 set forth in Rule 12.4. or Rule 12.6. immediately following the name and Signature of the appraiser the required information will be placed in the closest reasonable available space on the same page.12.12. The holder of a license or Temporary Practice Permit in Good Standing may copy the license or Temporary Practice Permit document for inclusion in an appraisal report or other appraisal work product. Such copy must have the word "COPY" prominently displayed so as to substantially overlay the printed portions of the license or Temporary Practice Permit document.12.13. The requirements of Chapter 12 of these Rules 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 Practice Permit, or any other Person, will make or cause to be made or allow to be made, any alteration to a Board-issued license or Temporary Practice Permit document or copy thereof, other than as set forth in 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 must not give blanket permission for affixing their Signature to appraisal reports or other work products and may only authorize the use of their Signature on an assignment-by-assignment basis.12.16. No Licensee will permit, through action or inaction, their name or Signature to be affixed to an appraisal report or other appraisal related work product without first personally examining and approving the final version of such report or other work product.37 CR 15, August 10, 2014, effective 8/30/201437 CR 23, December 10, 2014, effective 1/1/201538 CR 19, October 10, 2015, effective 10/30/201539 CR 11, June 10, 2016, effective 6/30/201639 CR 23, December 10, 2016, effective 1/1/201740 CR 15, August 10, 2017, effective 8/30/201740 CR 23, December 10, 2017, effective 1/1/201841 CR 07, April 10, 2018, effective 4/30/201841 CR 15, August 10, 2018, effective 8/30/201841 CR 23, December 10, 2018, effective 12/31/201842 CR 11, June 10, 2019, effective 6/30/201942 CR 23, December 10, 2019, effective 1/1/202043 CR 23, December 10, 2020, effective 1/1/202144 CR 07, April 10, 2021, effective 4/30/202144 CR 23, December 10, 2021, effective 1/1/202245 CR 07, April 10, 2022, effective 4/30/202245 CR 19, October 10, 2022, effective 10/30/202245 CR 23, December 10, 2022, effective 12/30/202246 CR 23, December 10, 2023, effective 1/1/2024