1560 Broadway, Suite 925 Denver, CO 80202-5111

October 1, 2014 7 Hour National USPAP AUDIT NOTICE Compliance Period January 1, 2012 – December 31, 2014 Dear Certified or Licensed Appraiser, Your appraiser license expires at the end of this year. As a condition of renewing your license, you must complete one of the following options: 1.

Provide copies of USPAP course certificates to the Division of Real Estate (the “Division”) showing that you completed the 7 Hour National USPAP Update Course during the calendar years 2011 and 2013 OR 2012 and 2014; OR

2.

Pay a non compliance fee to the Division for failing to complete the 7 Hour National USPAP Update Course as required by Board Rule 7.19. Pursuant to 24-34-108, C.R.S. Board Rules

Please note: 1. The 7 Hour National USPAP Update Course Audit is based on date of course completion not the USPAP version. 2. The 15 Hour USPAP cannot be used to substitute the 7 Hour National USPAP Update Course. 3. Do not provide any other continuing education certificates to the Division.

COURSE CERTIFICATES It is encouraged to email your certificates as they will be processed in a timely manner.

USPAP Non Compliance Violation Fee Lacking one USPAP Certificate $150.00

DO NOT SEND ORIGINAL COURSE CERTIFICATES, AS THEY WILL NOT BE RETURNED TO YOU.

Lacking two USPAP Certificates $300.00

Submit via Email: [email protected] Subject: USPAP Audit

Submit via Fax: BOREA 303-869-0536

Submit via Mail: BOREA – Division of Real Estate Attn: Martha Torres-Recinos 1560 Broadway, Suite 925 Denver, CO 80202

License renewal will commence November 15, 2014 and renewal of licensure is online only. When you renew your license, you will be required to attest that you completed the required 42 hours of continuing education prior to the renewal of your license. Except as noted above, the 7 Hour National USPAP Update Courses taken during the three year renewal cycle (2012-2014) may be counted toward the required 42 hours of continuing education.

1560 Broadway, Room 925, Denver, CO 80202-5111 P 303.894.2166 F 303.894.2683 www.dora.colorado.gov/dre

Page 2 7 Hour National USPAP AUDIT NOTICE Compliance Period January 1, 2012 – December 31, 2014

Pursuant to Board Rule 7.9, the Division may AUDIT your compliance with the 42 hour CE requirement. Please be sure to complete 42 hours of continuing education prior to renewing your license in order to avoid additional fines, suspension, and possible revocation of your appraiser license. Also, when renewing your license, please verify your contact information and update accordingly. Additionally, all currently licensed appraisers who expire December 31, 2014 must submit a set of fingerprints to the Colorado Bureau of Investigations prior to renewal. Please review the instructions for submission of fingerprints for renewal details. An appraiser who fails to submit fingerprints in time for their renewal will not be allowed to renew their license until fingerprints are received, and may incur reinstatement penalty fees. Fingerprint process is currently taking 3 to 4 weeks. This is the only notice you will receive. A complete list of licensees included in this audit can be found on The Division of Real Estate website by clicking here. If you have any questions pertaining to the continuing education audit, please call 303-894-2359. Respectfully,

Colorado Division of Real Estate Board of Real Estate Appraisers

1560 Broadway, Suite 925 Denver, CO 80202-5111

P 303.894.2166 F 303.894.2683

www.dora.colorado.gov/dre

USPAP Audit Notice.pdf

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