§ 12-10-611 — Licensure or certification by endorsement - temporary practice

(1) The board may issue a license or certification to an appraiser by endorsement to
engage in the occupation of real estate appraisal to any applicant who has a license
or certification in good standing as a real estate appraiser under the laws of
another jurisdiction if:

(a) The applicant presents proof satisfactory to the board that, at the time of
application for a Colorado license or certificate by endorsement, the applicant
possesses credentials and qualifications that are substantially equivalent to the
requirements of this part 6; or

(b) The jurisdiction that issued the applicant a license or certificate to
engage in the occupation of real estate appraisal has a law similar to this
subsection (1) pursuant to which it licenses or certifies persons who are licensed
real estate appraisers in this state.

(2) The board may specify, by rule, what constitutes substantially equivalent
credentials and qualifications and the manner in which the board will review
credentials and qualifications of an applicant.

(3) Pursuant to section 1122 (a) of Title XI of the federal Financial
Institutions Reform, Recovery, and Enforcement Act of 1989, Pub.L. 101-73, as
amended, the board shall recognize, on a temporary basis, the license or
certification of an appraiser issued by another state if:

(a) The appraiser's business is of a temporary nature; and

(b) The appraiser applies for and is granted a temporary practice permit by
the board.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 675, � 1, effective October 1.