Who regulates appraisers in Colorado?

In Colorado, the regulation of appraisers is overseen by the Colorado Board of Real Estate Appraisers (BOREA), which operates under the Division of Real Estate within the Colorado Department of Regulatory Agencies (DORA). This board is responsible for licensing, regulating, and disciplining real estate appraisers across the state.

Key Responsibilities of BOREA:

• Licensing: BOREA establishes the qualifications and standards for obtaining and maintaining a real estate appraiser license in Colorado.
• Education: The board sets the educational requirements for appraisers, including initial training and continuing education to maintain licensure.
• Standards and Compliance: BOREA enforces the Uniform Standards of Professional Appraisal Practice (USPAP), which appraisers must follow to ensure ethical and competent appraisal services.
• Disciplinary Actions: The board has the authority to investigate complaints and take disciplinary action against appraisers who violate state regulations or professional standards.

Appraisers in Colorado must meet specific requirements for education, experience, and examination to become licensed or certified, and they are held accountable by BOREA to ensure the integrity of real estate appraisals in the state.