Appraisal Industry News & Updates
Reimagining Accountability for Colorado Real Estate Appraisers
Our very own JoAnn Apostol was recently interviewed by Appraisal Buzz! In the interview JoAnn shares valuable insights into Colorado’s new approach to handling appraiser disciplinary actions. With the Colorado Appraisal Board leading the charge, JoAnn explains how...
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...
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...
Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies today issued final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions. The guidance advises on policies and procedures that financial institutions may implement to allow consumers to provide...
AQB Q&A – Valuation Bias & Fair Housing CE Requirement
Recently, the Appraiser Qualifications Board (AQB) has proposed new requirements for those looking to become an appraiser or renew their certification/license. These include mandatory completion of an initial fair housing course lasting seven hours by January 1st...
Submit feedback on the AQB Concept Paper by July 27th
The Appraiser Qualifications Board (AQB) has a Concept Paper exploring the college degree requirement available for public comment until July 27th. Here are some important links: Concept Paper on the college degree requirement Accompanying reference material Comment...
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...
FHA Announces Technology Updates and Webinar for its Appraisal Review and Reconsideration of Value Policy
Today, the Federal Housing Administration (FHA) is announcing updates to its FHA Connection (FHAC) system and an industry stakeholder briefing webinar as part of the implementation of its Appraisal Review and Reconsideration of Value Updates Mortgagee Letter (ML)...
Joint Statement on the Prospective Sale of REcolorado
REcolorado issued the following joint statement from the South Metro Denver Realtor Association (SMDRA) and the Denver Metro Association of Realtors (DMAR) on June 25, 2024: First and foremost, we want to apologize to each of you as our members that we were not able...
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...
June Appraiser Continuing Education – Registration Open!
Join us on Monday, June 10th and earn 2 hours of CE with our class titled "What's in Your Workfile?" Our instructor for this class is AJ Jackson. Record keeping is an important cornerstone of any real estate appraisal practice, yet it can be ambiguous and is often...
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...
Have A Question?
If you have any questions about Colorado Real Estate Appraisals or other industry specific question, please let us know in the form below.