Understanding Appraisal Workfile Requirements: A Division of Real Estate Advisory

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Understanding Appraisal Workfile Requirements

A Division of Real Estate Advisory

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The Division of Real Estate (Division) is pleased to announce a new series of advisories for real estate appraisers designed to achieve better compliance with the Colorado Real Estate Appraiser Licensing Act, the Board Rules and the Uniform Standards of Professional Appraisal Practice (USPAP). The new series of advisories have been developed from the Division’s review of work products from investigation and licensure applications. The advisories are designed to provide a quick and easy to follow format that addresses the most common appraisal issues seen by the Division. In this first advisory, you will learn about one of the most frequently violated rules of USPAP. You might be surprised to learn what percentage of the complaints we investigate have this deficiency identified.

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