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

REDLINE

CHAPTER 10:	TEMPORARY PRACTICE IN COLORADO

10.1	Pursuant to Sections section 12-61-71112-61-701, 12-61-704(1)(a)(I), (II), and (III), 12-61-720(1)(c), C.R.S. (as amended) and in conformance with 12 U.S.C.A. Section 3351(a)Title XI, FIRREA, a Temporary Practice Permit may be issued to the holder of an active appraiser’s license or certificate from another state jurisdiction. Such Temporary Practice Permit shall must be subject to the following restrictions and requirements:
 
A.	The applicant must apply for and be issued a Temporary Practice Permit prior to his or her commencement of a real property appraisal in Colorado that is part of a federally related transaction;

B.	The applicant’s business is temporary in nature and the applicant shall must identify in writing the appraisal assignment(s) to be completed under the Temporary Practice Permit prior to being issued a Temporary Practice Permit;

C.	The Temporary Practice Permit shall will be valid only for the appraisal assignment(s) listed thereon;

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

E.	The state jurisdiction in which the applicant holds an active license or certificate in good standing must impose licensure requirements that are in conformance with Title XI, FIRREA;

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

G.	The applicant must apply for a Temporary Practice Permit on a form provided by the Board, pay the specified fees, and meet all other Board requirements; and

H.	Pursuant to Section section 12-61-711(2), C.R.S., Temporary Practice Permits are available only to persons holding active licensure in another jurisdiction at levels substantially equivalent to those defined in Board Rules 1.13, 1.14 and 1.15. Temporary Practice Permits are not available to persons holding licensure in another jurisdiction at a trainee, apprentice, associate, intern, or other entry level similar to that defined in Board Rule1.12.

10.2	No person may be issued more than two (2) Temporary Practice Permits in any rolling twelve-month period.

10.3	A Temporary Practice Permit issued pursuant to this Chapter 10 of these Rules shall will be valid for the period of time necessary to complete the original assignment(s) listed thereon, including time for client conferences and expert witness testimony. A Temporary Practice Permit issued pursuant to this Chapter 10 of these Rules shall will not be valid for completion of additional or update assignments involving the same property or properties. Additional or update assignments involving the same property or properties are new assignments, thereby  requiring a new Temporary Practice Permit or licensure by endorsement as provided in Chapter 9 of these Rules.