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

REDLINE

CHAPTER 9:	LICENSURE AND CERTIFICATION BY ENDORSEMENT

9.1	Pursuant to Section section 12-61-711(1), C.R.S. (as amended), licensure by endorsement shall will be subject to the following restrictions and requirements:

A.	The Board may issue licenses or certifications by endorsement only to those persons holding an active license or certificate from another jurisdiction which is substantially equivalent to those described in Board Rules 1.13, 1.14 or 1.15, with qualification requirements substantially equivalent to those in Board Rules 2.2, 2.3 or 2.4, respectively;

B.	The applicant must be the holder of an active license or certificate in good standing under the laws of another jurisdiction;

C.	The appraiser regulatory program of the jurisdiction where the applicant holds an active license or certificate in good standing must not have been disapproved by the appropriate authority under 12 U.S.C.A., Section 3347, FIRREA Title XI, FIRREA; 

D.	The applicant must apply for licensure by endorsement on a form provided by the Board, pay the specified fees and meet all other Board requirements, including the submission of a set of fingerprints to the Colorado Bureau of Investigation for the purpose of conducting a state and national fingerprint-based criminal history record check as required by Section section 12-61-706(6)(a), C.R.S. (as amended);

E.	The applicant must apply for and be issued by the Board a license or certificate by endorsement prior to undertaking appraisal activities in Colorado that would require licensure in Colorado; and

F.	A license or certificate issued by endorsement shall will be subject to the same renewal requirements as a license or certificate issued pursuant to Section section 12-61-706, C.R.S. (as amended), and Board Rules Chapters 7 and 8 of these Rules.