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Board rejects proposed amendment to rule 11.3 after public comment and USPAP concerns
Summary
After public testimony and board debate that highlighted conflicts between statutory language and USPAP, the Board voted to reject proposed changes to rule 11.3 that would have added statutory language and tax-appeal clarifications to the definition of consulting services.
The Colorado Board of Real Estate Appraisers on Jan. 8 rejected proposed amendments to board rule 11.3 concerning consulting services, following public comment and internal debate about conflicts with the Uniform Standards of Professional Appraisal Practice (USPAP).
Betsy Wagner, a certified general appraiser, testified that "copying statutory text into regulatory rules creates duplication, maintenance burdens, and risks conflicts…
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