Colorado § 12-10-616 Unlawful acts - penalties

Colorado Statutes

§ 12-10-616 — Unlawful acts - penalties

Colorado § 12-10-616

Title 12Professions

Art.Real Estate

This text of Colorado § 12-10-616 (Unlawful acts - penalties) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 12-10-616 (2026).

Text

(1)It is unlawful for a person to:

(a)Violate section 12-10-613 (1)(c), (1)(e), or (1)(f) or perform a real estate appraisal without first having obtained a license or certificate from the board pursuant to this part 6;

(b)Accept a fee for an independent appraisal assignment that is contingent upon:

(I)Reporting a predetermined analysis, opinion, or conclusion; or

(II)The analysis, opinion, or conclusion reached; or

(III)The consequences resulting from the analysis, opinion, or conclusion;

(c)Misrepresent a consulting service as an independent appraisal; or

(d)Fail to disclose, in connection with a consulting service for which a contingent fee is or will be paid, the fact that a contingent fee is or will be paid.

(2)Any person who violates any provision of subsection (

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(1) It is unlawful for a person to:

(a) Violate section 12-10-613 (1)(c), (1)(e), or (1)(f) or perform a real estate
appraisal without first having obtained a license or certificate from the board
pursuant to this part 6;

(b) Accept a fee for an independent appraisal assignment that is contingent
upon:

(I) Reporting a predetermined analysis, opinion, or conclusion; or

(II) The analysis, opinion, or conclusion reached; or

(III) The consequences resulting from the analysis, opinion, or conclusion;

(c) Misrepresent a consulting service as an independent appraisal; or

(d) Fail to disclose, in connection with a consulting service for which a
contingent fee is or will be paid, the fact that a contingent fee is or will be paid.

(2) Any person who violates any provision of subsection (1) of this section
commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501. Any person who subsequently violates any provision of subsection (1) of this
section within five years after the date of a conviction for a violation of subsection
(1) of this section commits a class 5 felony and shall be punished as provided in
section 18-1.3-401.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 682, � 1, effective October 1. L. 2021: (2) amended, (SB 21-271), ch. 462, p. 3153, � 136, effective March 1, 2022.