4 Colo. Code Regs. § 725-2, ch. 10
Current through Register Vol. 47, No. 22, November 25, 2024
Chapter 10 - TEMPORARY PRACTICE IN COLORADO10.1. Pursuant to section 12-10-611 (3), C.R.S., a Temporary Practice Permit may be issued to the holder of an Active appraiser's license or certificate from another Jurisdiction. Such Temporary Practice Permit must be subject to the following restrictions and requirements: A. The Applicant must apply for and be issued a Temporary Practice Permit prior to their 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 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 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 Jurisdiction;E. 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; andF. Temporary Practice Permits are available only to Persons holding Active licensure at levels substantially equivalent to those defined in Rules 1.22., 1.23., or 1.24. Temporary Practice Permits are not available to Persons holding licensure in another Jurisdiction at a trainee, apprentice, associate, intern, or other entry level.10.2. No Person may be issued more than four (4) Temporary Practice Permits in any rolling twelve (12) month period.10.3. A Temporary Practice Permit issued pursuant to Chapter 10 of these Rules 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 Chapter 10 of these Rules 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.37 CR 15, August 10, 2014, effective 8/30/201437 CR 23, December 10, 2014, effective 1/1/201538 CR 19, October 10, 2015, effective 10/30/201539 CR 11, June 10, 2016, effective 6/30/201639 CR 23, December 10, 2016, effective 1/1/201740 CR 15, August 10, 2017, effective 8/30/201740 CR 23, December 10, 2017, effective 1/1/201841 CR 07, April 10, 2018, effective 4/30/201841 CR 15, August 10, 2018, effective 8/30/201841 CR 23, December 10, 2018, effective 12/31/201842 CR 11, June 10, 2019, effective 6/30/201942 CR 23, December 10, 2019, effective 1/1/202043 CR 23, December 10, 2020, effective 1/1/202144 CR 07, April 10, 2021, effective 4/30/202144 CR 23, December 10, 2021, effective 1/1/202245 CR 07, April 10, 2022, effective 4/30/202245 CR 19, October 10, 2022, effective 10/30/202245 CR 23, December 10, 2022, effective 12/30/202246 CR 23, December 10, 2023, effective 1/1/2024