Colorado License LawIntermediateColorado Exam
In Colorado, a real estate appraiser and a real estate broker are regulated by:
AA. The same division, under the same rules, which is why practitioners are generally advised to confirm the specific rule with local counsel or the relevant agency
BB. Separate licensing programs — brokers by the Colorado Real Estate Commission and appraisers by the Colorado Board of Real Estate Appraisers, both under DORACorrect
CC. The federal government only
DD. Local county governments
Why B. Separate licensing programs — brokers by the Colorado Real Estate Commission and appraisers by the Colorado Board of Real Estate Appraisers, both under DORA Is Correct
Answer B: B. Separate licensing programs — brokers by the Colorado Real Estate Commission and appraisers by the Colorado Board of Real Estate Appraisers, both under DORA
In Colorado, real estate brokers are licensed by the Colorado Real Estate Commission, while appraisers are licensed and certified by the Colorado Board of Real Estate Appraisers. Both boards are within DORA (Department of Regulatory Agencies).
Key Colorado License Law Terms in This Question
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Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Math Concepts
State-Specific Concepts
License Law
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