As a Colorado Licensed Appraiser, you will be allowed to appraise non-complex, one- to four-unit residential properties with a transaction value not to exceed $1,000,000. You will also be licensed to appraise complex one- to four-unit residential properties with a transaction value of $250,000 or less.
Recent changes to the education and experience hours have made it easier to upgrade your license. Please check Colorado's Board of Real Estate Appraisers (BOREA) website for the most up to date information: https://www.colorado.gov/pacific/dora/node/92871
You can also review a full summary of the pending changes here: https://appraisalfoundation.sharefile.com/share/view/s40e607fb0d64915a
You must complete 1,000 hours of work experience as a Beginning Appraiser in a minimum of 6 months to become a Licensed Appraiser. You will also need to pass the AQB-approved Licensed Appraiser Exam. As an alternative, you can bypass the Licensed Appraiser Exam if you have completed the Certified Residential or Certified General exams.
To qualify for the Licensed Appraiser Exam, you must complete 150 course hours. If you would like additional info, visit the Colorado State Appraisal Licensing Requirements page.
Have you completed the required education, but still need to pass the exam? Check out our Appraiser Review Crammer class.
Attention Appraisers: Please allow sufficient time for the Department of Regulatory Agencies to process your license application. This processing may take up to four months. To learn more please visit the DORA CO website.