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

CHAPTER 13:	DISCIPLINARY PROCEDURES

Pursuant to and in compliance with Title 12, Article 61 and Title 24, Article 4, C.R.S. as amended, notice of proposed rulemaking is hereby given, including notice to the Attorney General of the State of Colorado and to all persons who have requested to be advised of the intention of the Colorado Board of Real Estate Appraisers (the “Board”) to promulgate rules, or to amend, repeal or repeal and re-enact the present rules of the Board.

STATEMENT OF BASIS

The statutory basis for the rules titled Rules of the Board of Real Estate Appraisers is Chapter 7 of Title 12, Article 61, Colorado Revised Statutes, as amended.  

STATEMENT OF PURPOSE

The purpose of this rule is to effectuate the legislative directive to promulgate necessary and appropriate rules in conformity with the statute and the provisions of the federal Financial Institutions Reform, Recovery and Enforcement Act of 1989.

SPECIFIC PURPOSE OF THIS RULEMAKING

The specific purpose of this rule is to amend or repeal existing rules with respect to requirements for Board investigations and disciplinary procedures. 

Proposed New, Amended and Repealed Rules

[Deleted material shown struck through, new material shown ALL CAPS. Rules, or portions of rules, which are unaffected are reproduced.  Readers are advised to obtain a copy of the complete rules of the Board at www.dora.state.co.us/real-estate/rulemaking/BOREA/index.htm]

CHAPTER 13:	DISCIPLINARY PROCEDURES

13.6 Pursuant to Section 24-34-106, C.R.S., when a licensee is required to complete real estate appraisal education as part of a disciplinary action, OR AS A TERM OF A STIPULATION FOR DIVERSION, no portion of any such courses or programs completed to satisfy the terms of a disciplinary action shall be creditable toward continuing education or qualifying education requirements.

13.7  An appraiser licensed or permitted by the BoardPURSUANT TO 12-61-713(1)(A) AND 12-61-713(1)(K), C.R.S., A LICENSEE must inform the Board in writing within ten (10) days of conviction of, entering a plea of guilty to, or entering a plea of nolo contendere to any felony, or any other like crime under Colorado law, federal law, or the laws of other states OR MISDEMEANOR OFFENSE, EXCLUDING MISDEMEANOR TRAFFIC OFFENSES, MUNICIPAL CODE VIOLATIONS OR PETTY OFFENSES.  A LICENSEE MUST INFORM THE BOARD IN WRITING WITHIN TEN (10) DAYS OF ANY DISCIPLINARY ACTION TAKEN AGAINST ANY PROFESSIONAL LICENSES HELD BY THE LICENSEE, EXCLUDING THE LICENSEE’S COLORADO APPRAISAL CREDENTIAL.  FOR PURPOSES OF THIS RULE, DISCIPLINARY ACTION SHALL INCLUDE, WITHOUT LIMITATION, ACTIONS SUCH AS IMPOSITION OF FINES, REQUIRED OR REMEDIAL EDUCATION, PROBATION, SUSPENSION, REVOCATION, LETTERS OF CENSURE, DEBARMENT, MANDATORY SUPERVISION, AND THE LIKE.