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Colorado Appraisal License Requirements
Learn about the appraisal education needs for licensing and renewal in Colorado.
The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Colorado Department of Regulatory Agencies (DORA). The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.
Colorado Appraisal Licensure Levels:
State Licensed Appraiser
Certified Residential License
Certified General License
Colorado Appraisal Licensure Requirements to Become an Appraiser:
Must be at least 18 years of age
Must be of good moral character
Must meet the educational requirement for the applying level of appraiser licensure
Must meet the experience requirement for the applying level of appraiser licensure
For Certified Residential level, one of the following is required:
For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required. An alternative to the education requirement is also available: 5 years of experience, 5 years without any disciplinary action and completion of specific additional education
Satisfactory completion of the state examination
Submit application, required documents, and associated fees
Bachelor degree in ANY field
Associate's Degree in Business Administration, Accounting, Finance, Economics, or Real Estate
Completion of 30 hours of (1) relevant coursework, or (2) College Level Examination Program (CLEP) exams (3) or some mix of both
Colorado Appraiser Education Requirements:
150 hours for the State Licensed Appraiser which consist of the following courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours), Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours)
200 Hours for the Certified Residential Appraiser which consist of the same 150 hours of Licensed Appraiser education AND: Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
300 hours for the Certified General Appraiser which includes the same 200 hours for the Certified Residential Real Property Appraiser education AND: General Appraiser Sales Comparison and Income Approach (15 hours), General Appraiser Site Valuation and Cost Approach (15 hours), General Appraiser Income Approach (45 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)
State Licensed Appraiser – 1000 hours in 6 months
Certified Residential Appraiser – 1500 hours in 12 months
Certified General Appraiser – 3000 hours in 18 months with at least 1500 hours of experience in non-residential appraisals
For initial licenses issued on or after July 1 of any year, there shall be no continuing education appraiser class requirement as a condition of renewal of such initial license that expires December 31 of the year of issue. For initial licenses issued before July 1 of any year, there shall be an obligation to complete 14 hours of continuing education appraiser classes as a condition of renewal before the initial license expires on December 31 of the year of issue
Each applicant for renewal of a license shall complete at least 42 classroom hours of real estate appraisal continuing education during the three year period preceding expiration of the appraiser license to be renewed
The 7-hour USPAP Update course or its equivalent must be taken every other year
NOTE: It is advisable to check with the appropriate Colorado Regulatory Agencies to confirm program/course work will satisfy initial or renewal licensing or certification of that agency