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Chair - Bruce Willard
Vice Chair - Wayne Hunsperger
The Division of Real Estate (Division) has a seven-member Board who meet bi-monthly to conduct rulemaking hearings, make policy decisions, consider licensing matters, review complaints and take disciplinary action against real estate appraisers. The seven-member Board consists of three licensed or certified appraisers, one county assessor, one banker with experience in mortgage lending and two members of the public. The Board members serve a three-year term.
The regulation of appraisal management companies (AMCs) went into effect July 1, 2013. Download a copy of House Bill 12-1110 Regulation of Appraisal Management Companies.
Prior to application, controlling appraisers and any individual with more than a 10% ownership interest in the AMC must submit fingerprints for a background check. Please review the details on the background check process and visit our steps for initial licensing for further details on the licensing processes.
An AMC not on the list or listed as "Pending" may not conduct AMC business in the state of Colorado as of July 1, 2013.
Initial AMC licenses will expire on December 31st of the year of issue. All AMCs expire annually on December 31st.
When the Division receives a complaint regarding an AMC, if warranted, an investigation will be opened and assigned to an Investigator to review the complaint. If the Board determines there was a violation and issues disciplinary action, Division staff will attempt to resolve the matter through the internal Expedited Settlement Program (ESP).
The real estate manual contains all statutes, rules and position statements. The annual Real Estate Manual is a useful resource for any licensee.
Visit the Proposed and Revised Rules & Position Statements page to view proposed rules and get information on upcoming rulemaking hearing or download new rules and position statements that were recently adopted.