Section 12-10-616 - Unlawful acts - penalties(1) It is unlawful for a person to: (a) Violate section 12-10-613(1)(c), (1)(e), or (1)(f) or perform a real estate appraisal without first having obtained a license or certificate from the board pursuant to this part 6;(b) Accept a fee for an independent appraisal assignment that is contingent upon: (I) Reporting a predetermined analysis, opinion, or conclusion; or(II) The analysis, opinion, or conclusion reached; or(III) The consequences resulting from the analysis, opinion, or conclusion;(c) Misrepresent a consulting service as an independent appraisal; or(d) Fail to disclose, in connection with a consulting service for which a contingent fee is or will be paid, the fact that a contingent fee is or will be paid.(2) Any person who violates any provision of subsection (1) of this section commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501. Any person who subsequently violates any provision of subsection (1) of this section within five years after the date of a conviction for a violation of subsection (1) of this section commits a class 5 felony and shall be punished as provided in section 18-1.3-401.Amended by 2021 Ch. 462,§ 136, eff. 3/1/2022.Renumbered from C.R.S. § 12-61-716 and amended by 2019 Ch. 136,§ 1, eff. 10/1/2019.Entire part recreated and reenacted by 2014 Ch. 385,§ 1, eff. 7/1/2014.(1) This section is similar to former § 12-61-716 as it existed prior to 2019.
(2) Section 803(2) of chapter 462 (SB 21-271), Session Laws of Colorado 2021, provides that the act changing this section applies to offenses committed on or after March 1, 2022.