Colorado Appraisal Management Company Regulation Becomes Law July 1

As of July 1, 2013 Colorado will regulate the licensing and activities of Appraisal Management Companies (AMCs). This is a result of HB-1110, which was signed into law by Governor Hickenlooper in 2012. The definition of an AMC broadly covers any external third party that oversees a network or panels of appraisers who value aContinue reading “Colorado Appraisal Management Company Regulation Becomes Law July 1”

Legislative Update

The General Assembly is set to adjourn on May 9. HB-1110 “Appraisal Management Companies” CAR Position – Support. The Division of Real Estate’s bill will regulate appraisal management companies at the state level, requiring background checks, fingerprinting and licensing.Appraisers will also be required to carry errors and omissions insurance; AMCs must post a $25,000 bondContinue reading “Legislative Update”

Legislative Update

The Legislative Policy Committee took positions on a variety of bills at its latest meeting. Here are some of the most interesting bills and CAR’s position on them: HB-1164 “Severed Mineral Rights” CAR Position – Oppose. This bill would require a new real estate disclosure notice regarding whether the mineral estate has been severed fromContinue reading “Legislative Update”