4 Colo. Code Regs. § 725-2, ch. 4
Current through Register Vol. 47, No. 22, November 25, 2024
Chapter 4 - STANDARDS FOR REAL ESTATE APPRAISAL LICENSING EXAMINATIONS4.1. Any Person wishing to apply for any appraiser's license must register for and achieve a passing score on the appropriate level of Examination with the testing service designated by the Board. No other examination results will be accepted. The appropriate levels of Examination for the respective levels of licensure are as follows: License Level | Examination |
Licensed Ad Valorem Appraiser | Licensed Ad Valorem Appraiser |
Appraiser | Licensed Real Property Appraiser |
Residential Appraiser | Certified Residential Appraiser |
General Appraiser | Certified General Appraiser |
4.2. Examinees must comply with the standards of test administration established by the Board and the testing service. Notwithstanding the standards of the testing service location(s), examinees may use financial calculators during the examination process. The memory functions of any such calculator must be cleared by the testing service staff prior to the beginning and after the conclusion of the Examination.4.3. A passing score on an Examination must be attained within two (2) years from the issuance date of the Letter of Exam Eligibility, except in the case of the Ad Valorem Examination, as set forth in Rule 6.1.B.4. Failure to successfully pass the Examination within the two (2) year period will result in the application being denied.4.4. Examinations will be given only to duly qualified Applicants for an appraiser's license; however, one instructor from each appraisal Qualifying Education course provider approved as set forth in Rule 3.3 may take the Examination one time during any twelve (12) month period in order to conduct research for course content.4.5. Each Examination for a license may, as determined by the Board, be a separate Examination.4.6. Examinations developed by or contracted for the Board for licensed and certified appraisers must comply with the Criteria as defined in Rule 1.12., if applicable.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