Colorado 
Association of Real Estate Appraisers

Who are we?

The Colorado Association of Real Estate Appraisers (CAREA) is a professional organization formed in April, 1990. It is comprised of both residential and commercial real estate appraisers licensed by the State of Colorado, as well as others interested in promoting our profession. We are based in Colorado Springs, and serve the entire state.

History of CAREA:

In early 1990, G.J. Baker, Bill Weeks, & Tony Fay were contacted by the regional offices of the National Association of Real Estate Appraisers (NAREA) concerning starting a local chapter of the organization within the Colorado Springs area.  Given a roster of local NAREA members, their collective response culminated in the Pikes Peak Chapter of the NAREA meeting for the first time on Wednesday, April 25, 1990 at the Ramada Inn.  Twelve people were in attendance: G.J. Baker; George Berry; Robert Bills; Frank & Carmen DeSouza; Tony Fay; Dick Fox; Ed & Tena Kovitz; Bill Lieb; Dorothy Walker; and, Bill Weeks.

First order of business was to elect a board of officers.  George Berry was elected President; Tony Fay was elected Vice President; Bob Bills was elected Secretary; and, Ed Kovitz was elected Treasurer.  The goals of the organization were announced to be: provide a forum wherein appraisers could exchange ideas & address issues, receive information concerning new developments regarding the profession, and to engage guest speakers for each meeting to address the forum on appraiser related topics.  The dues for membership in the organization were set at $25.00 per year.

 

  • 03 Feb 2015 5:10 PM | Jo Stinett (Administrator)
    Received today from a client..... "Appraiser to verify the bedroom and bathroom count is accurate. Per the Collateral Underwriter warning, the reported total bedroom count and bathroom count is materially different than what has been reported in another appraisal of the subject property."

    My response..... "This appraiser has personally inspected the subject property and the sketch and report accurately reflect the bathroom count. The appraiser cannot comment on another appraiser's report unless that report is provided for review by this appraiser. Should the client wish to have this appraiser comment on the difference indicated in FNMA's collateral underwriter this appraiser will need to be provided the data or report from which CU is obtaining this information."

    What say you?

    Share anything you have received on this blog and we can talk about it at the next meeting.



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