DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
BOARD OF REAL ESTATE APPRAISERS
4 CCR 725-2

Rules of the Colorado Board of Real Estate Appraisers
Rules Modified
December 8, 2006

CHAPTER 1: DEFINITIONS

1.8	Initial license: That license issued when an applicant is first approved for a license at that level of licensure. An initial license shall, at the option of the Board, either expire December 31 of the year of issue and be renewable thereafter pursuant to Board Rule, or shall expire three years from the date of issue and thereafter renewable pursuant to Board Rule.

CHAPTER 7: CONTINUING EDUCATION REQUIREMENTS

7.1	There shall be no continuing education requirement as a condition of renewal of an initial license that expires December 31 of the year of issue as defined in Board Rule 1.8.  Continuing education requirements established by this Chapter 7 shall apply to all other license renewals.

7.24	Licenses expiring December 31 in 2007, 2008 and 2009  shall be renewed for two years plus the number of days required to reach the month and day the initial license at that level was first issued. Subsequent renewals shall be for three years, expiring on the month and day of the initial license. To facilitate the transition, licensees renewed for two years plus up through 184 days shall complete at least 28 hours of continuing education, including sufficient 7-hour USPAP Update Courses to comply with Rule 7.19 before their next renewal. Licensees renewed for two years plus 185 or more days shall complete at least 42 hours of continuing education, including sufficient 7-hour USPAP Update Courses to comply with Rule 7.19 before their next renewal.

CHAPTER 8: RENEWAL, REINSTATEMENT, SURRENDER, REVOCATION OF LICENSURE

8.17	Licenses expiring on December 31 in 2007, 2008 and 2009 shall be renewed for two years plus the number of days required to reach the month and day the initial license at that level was first issued. Subsequent renewals shall be for three years, expiring on the month and day of the initial license. To facilitate the transition, licensees renewed for two years plus up through 184 days shall complete at least 28 hours of continuing education, including sufficient 7-hour USPAP Update Courses to comply with Rule 7.19 before their next renewal. Licensees renewed for two years plus 185 or more days shall complete at least 42 hours of continuing education, including sufficient 7-hour USPAP Update Courses to comply with Rule 7.19 before their next renewal.