Appraisal Industry News & Updates

USPAP Audit For Appraiser License Renewal

The Colorado Department of Regulatory Agencies (DORA) just sent out a notification today regarding the Real Estate Appraiser Upcoming USPAP Audit: "Summer is coming to its unofficial end, which means the Division is approaching its annual renewal season. All renewing...

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New ROV Policy Change

On August 6, 2024, Fannie Mae issued a Selling Guide Announcement (SEL-2024-03) that extended the implementation deadline to October 31, 2024 for their new Reconsideration of Value (ROV) process. Freddie Mac and HUD announced the same implementation date extension...

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2024 USPAP Q&A

Earlier this week, the Appraisal Standards Board released a new Question and Answer covering Yellow Book and Competency.   2024-07: Yellow Book & Competency Question: My client has requested an appraisal assignment that would be used in connection with the...

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On-Demand Reliable Record Keeping Course

The Colorado Department of Regulatory Agencies (DORA) has an on-demand Reliable Record Keeping For Appraisers course available at no charge. Record keeping is an important cornerstone of any real estate appraisal practice. This course offers strategies and practical...

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Recap Summary of 2024 Legislative Session

Attached is a summary of the 2024 legislative efforts that had the potential to directly impact real estate in the State of Colorado. Unfortunately, the bill Limiting Actions against Appraisers, which initiated a 5-year statute of repose for civil action initiated...

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