Colorado 
Association of Real Estate Appraisers

Link to Facebook 
CAREA 
Group Site

The Colorado Association of Real Estate Appraisers (CAREA) has a Facebook Group page for members only with discussions, announcements and occasional events.

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.

To contact CAREA
or one of our members, please send an email using this link. We will respond to you as soon as feasible.  

Looking into becoming a real estate appraiser? 

Useful information can be found here: Real Estate Appraiser Qualifying Education and Examination Requirements

We also put together a file with some tips on how to find a mentor/trainer: how to find an appraisal trainer-mentor.pdf





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  • 21 Nov 2019 11:06 AM | Jeff Whaley (Administrator)

     

    Veterans Benefits Administration Circular 26-19-31

    Department of Veterans Affairs November 15, 2019

    Washington, DC 20420

    Assisted Appraisal Processing Program (AAPP)

    1. Purpose. To implement Section 7 of Public Law 116-23, Blue Water Navy Vietnam Veterans Act of 2019 (the Act). This section authorizes the Department of Veterans Affairs’ (VA) Secretary to issue guidance explaining the conditions under which VA permits VA fee panel appraisers to rely on information provided by another person when making appraisals for VA’s home loan guaranty program.

    2. Background. The Act, in relevant part, amends 38 U.S.C. § 3731, the statute under which VA conducts its fee panel appraisal program. Specifically, the Act creates a new subsection (b)(3), which states “[t]he Secretary shall permit an appraiser on a list developed and maintained under subsection (a)(3) to make an appraisal for the purposes of this chapter based solely on information gathered by a person with whom the appraiser has entered into an agreement for such services.”

    a. Effective Date. The Act applies with respect to an appraisal report prepared under section 3731(b)(3), on or after January 1, 2020. Consistent with the Act, VA will not begin accepting an appraisal, as described below, until on or after January 1, 2020.

    b. Implementation. The Act authorizes the Secretary to issue implementing guidance before prescribing new regulations. VA views this legislation as a unique opportunity to lead the industry in developing an appraisal program that enables VA to better serve Veterans in rural areas and/or reduce overall appraisal turn times while also encouraging more individuals to join the appraisal profession. VA is also sensitive, however, that these goals must be balanced with a number of overarching programmatic objectives:

    (1) No person or property is harmed in the collection of information needed for an appraisal under AAPP;

    (2) Appraisals and valuations are of the highest quality, protecting the integrity of Veterans’ home loan benefits delivery;

    (3) VA fee panel appraisers and appraisal reports comply with all applicable Uniformed Standards of Professional Appraisal Practice (USPAP) and VA regulations and policies, as well as any other federal, state, or local requirements; and

    (4) VA has oversight in place to identify VA appraisers utilizing the AAPP process, and those appraisal reports will be monitored and reviewed.

    3. Action. Effective January 1, 2020, VA fee panel appraisers may utilize the AAPP process. Under AAPP, the appraisal report may be completed based solely on information gathered by a person with whom the VA fee panel appraiser has entered into an agreement for such services. It is important to note that VA does not require a VA fee panel appraiser to participate in the AAPP process; such decision is solely at the discretion of the VA fee panel appraiser. A VA fee panel appraiser participating in the AAPP process must continue to follow

    Circular 26-19-31 November 15, 2019

    2

    all applicable VA statutes, regulations, and policies, as well as the policies and procedures outlined in this Circular.

    a. Definitions. For purposes of this Circular, the following definitions apply:

    (1) Appraisal means an appraisal report authorized under 38 U.S.C. 3731 that complies with USPAP and

    (a) That is “non-complex,”

    (b) Where the sales price or value is below 1 million dollars, and

    (c) That is not for a new construction property.

    (2) Information means any information that conforms to the standards of USPAP, is necessary to determine reasonable value as defined in 38 CFR 36.4301, and upon which federal housing entities (including VA), prudent lending institutions, informed buyers, and attorneys, generally, in the community in which the property is situated, would rely.

    (3) A person is an individual who may perform appraisal-related work in compliance with VA policies, USPAP, state, and local laws. This could include, for example, another VA fee panel appraiser licensed in that jurisdiction, a non-VA fee panel appraiser licensed in that jurisdiction, or an appraisal trainee/apprentice registered or otherwise authorized to provide valuations in that jurisdiction. Additionally, the individual must demonstrate to the VA fee panel appraiser that the individual has the ethical and moral character that would not jeopardize the safety of the property or its occupants. Under no circumstances may an individual who is, or has any background as, a registered sex offender qualify under this definition. Evidence to support the ethical and moral character may include, but is not limited to, a criminal and/or financial background check or proof of employment in an industry that requires regular background checks.

    (a) To be a person acting in the capacity as an agent of the assigned VA appraiser, the person must be otherwise permitted to sign an appraisal report as “Appraiser” on any of the approved VA forms. This person must understand the certifications, and ramifications thereof, that they will be signing. Such person must also be knowledgeable of all VA requirements and Minimum Property Requirements (MPRs). While acting as an agent of the VA appraiser it is imperative that such person not intentionally or unintentionally mislead any Veteran, real estate agent, lender, or homeowner into believing that he or she is the VA fee panel appraiser assigned to the case.

    (4) Agreement means a written legal agreement that is legally binding in the jurisdiction(s) in which the person will provide the agreed-upon services. Examples include, but are not limited to, a signed contract or evidence that the person is an employee or agent of the VA fee panel appraiser (i.e., state-registered trainee).

    b. Appraisal Order. Lenders will be required to indicate whether the VA appraisal can be prepared under AAPP.

    November 15, 2019 Circular 26-19-31

    3

    (1) If a lender indicates that AAPP may not be used, the VA fee panel appraiser must not allow another individual to conduct a site visit without the VA fee panel appraiser present.

    (2) If a lender indicates that AAPP may be used, the VA fee panel appraiser must comply with the requirements outlined in this Circular. Additionally, the assigned VA fee panel appraiser must put the name of the individual who will be performing the site visit and reviewing comparable sales in the Notes section. Finally, the assigned VA fee panel appraiser must indicate by checking the appropriate box in the VA Web Hub that the appraisal report was prepared under AAPP.

    c. VA Fee Panel Appraiser Requirements. As noted above, a VA fee panel appraiser participating in AAPP must continue to follow all applicable VA statute, regulations, and policies, as well as the policies and procedures outlined in this Circular. It is also important to note that any person with whom the VA fee panel appraiser enters into an agreement is acting in the capacity of an agent for the VA fee panel appraiser. In all cases where the VA fee panel appraiser relies on another person for information, the VA fee panel appraiser is ultimately responsible for the character and behavior of that person while that person is conducting business for a VA assignment. In addition to all applicable statutes, regulations, and policies, the VA fee panel appraiser must:

    (1) Maintain an Errors & Omission insurance policy in an amount that is reasonable and customary for the appraisal jurisdiction during the period that the VA fee panel appraiser participates in AAPP.

    (2) Upon VA’s request, provide VA with relevant documents relating to a person who will provide or has provided to the VA fee panel appraiser appraisal-related information under AAPP. This includes, for example, a copy of the agreement and all evidence the VA fee panel appraiser relied upon in determining that such person met the ethical and moral character requirement.

    (3) Ensure that the person who provides to the VA fee panel appraiser information under AAPP signs or has signed the appraisal report in the “Appraiser” section of the left side of the appraisal report. The VA fee panel appraiser must sign the appraisal report as the “Supervisory Appraiser.” Further, the VA fee panel appraiser must provide a written statement of certification within the appraisal report that contains the following language:

    “I participated in VA’s Assisted Appraisal Processing Program to complete this appraisal report. The final opinion of value for the subject property is based upon my supervisory status and analysis of all available information. The person who provided information to me to assist in the opinion of value is: Full name (First/Middle/Last), license number, date of expiration, state of issuance of the person. I take full responsibility for any errors in and/or omissions from this appraisal report.”

    (4) Pay all fees charged by a person who provides a VA fee panel appraiser with information under AAPP.

    Circular 26-19-31 November 15, 2019

    4

    (5) Remain fully responsible for all loss, damage, or other harm caused by the person whom they are in agreement with. The person providing information to the VA fee panel appraiser is to acknowledge in the report that he or she is knowledgeable in all VA requirements for Minimum Property Requirements (MPRs). By participating in AAPP, the VA fee panel appraiser also acknowledges that the VA fee panel appraiser remains responsible for ensuring against significant violations of USPAP; VA statutes, regulations, or policies; or any other federal, state, or local requirements. If such a violation does occur, either by the VA fee panel appraiser or the person providing information under AAPP, and results in any loss, damage, or other harm, the VA fee panel appraiser may be at risk of a substantive finding, reduction of work assignments, suspension from the program, or removal from the VA appraisal panel upon a review and conclusions of VA.

    (6) Note in the VA systems, before a scheduled site visit takes place, that a person other than the VA fee panel appraiser will be conducting such site visit. The VA fee panel appraiser must communicate to the point of contact (i.e., real estate agent, Veteran, etc.) who is conducting the site visit and that such person is working with and on behalf of the VA fee panel appraiser.

    (7) The VA fee panel appraiser is required to make all site visits on complex properties, homes equal to or greater than 1 million dollars in sales price or value, and new construction properties.

    (8) To reduce risk of the program and to ensure quality, VA may limit the VA fee panel appraiser on quantity of weekly appraisal assignments or on geographical areas covered. Each VA Regional Loan Center will determine the limitations within its own jurisdiction, based on VA need, complaints related to a VA fee panel appraiser, or a person that the VA fee panel appraiser relies upon for information, and other issues that could adversely affect Veterans, the Government, or individuals who are indirectly affected by AAPP (e.g., a homeowner who is in a contract to sell a home to a Veteran).

    (9) The VA fee panel appraiser and anyone providing the VA fee panel appraiser with information under AAPP is required to understand and follow guidance from USPAP Advisory Opinions (AO), with particular attention to AO 2, 21, and 31.

    d. Prior Approval. VA does not intend at this time to establish an approval process specific to individuals who provide information under AAPP. VA also does not at this time intend to maintain specific lists of individuals who provide information under AAPP, other than what is annotated in WebLGY notes in accordance with the procedures outlined in this Circular.

    e. Tidewater Value Cases and Reconsideration of Value Cases. In instances that Tidewater may apply, the assigned VA fee panel appraiser may only contact the lender to invoke Tidewater if he/she has performed the site visit of the subject property and verified the condition of the property. If the assigned VA fee panel appraiser did not conduct the site visit, the VA fee panel appraiser must make a site visit to the subject property at no additional fee to the lender or Veteran. VA fee panel appraisers utilizing the AAPP process must continue to adhere to VA’s timeliness policy.

    November 15, 2019 Circular 26-19-31

    5

    4. Rescission: This Circular is rescinded December 31, 2021.

    By Direction of the Under Secretary for Benefits

    Jeffrey F. London

    Director, Loan Guaranty Service

    Distribution: CO: RPC 2022

    SS (26A1) FLD: VBAFS, 1 each (Reproduce and distribute based on RPC 2022)

  • 23 Oct 2019 2:14 PM | Dorit White (Administrator)

    FHA Appraisal Training – Denver, CO

    Date/Time:

    Wednesday, November 6, 2019, 8:30 AM to 4:30 PM (Mountain)
    Check-in begins 30 minutes before the start of the session.

    Event Location:
    Department of Housing and Urban Development

    1670 Broadway
    Dakota Room – 23rd Floor
    Denver, CO 80202

    Jurisdictional Host: Denver Homeownership Center

    Registration Link: http://www.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=3739&update=N

     

    Description: This free, on-site training will cover FHA appraisal requirements, including appraisal protocol and updates to FHA appraisal policy as outlined in FHA’s Single Family Housing Policy Handbook 4000.1. This training also takes an in-depth look at a variety of appraisal-related topics, including: property acceptability criteria; minimum property requirements; property defects; appraiser responsibilities and requirements; and much more.

    Audience: This training is intended primarily for appraisers; however, other industry professionals — including underwriters and processors — may also benefit from attending.

    Special Instructions: Advance registration is required by November 4, 2019; seating is limited and is available on a first-come, first-served basis. Priority will be given to appraisers. Registrants must include their email address.

    This training is being held in a government building. Attendees must show valid government-issued identification (e.g., driver’s license) at the 25th floor guard station for course admission.

    For additional information, contact Debbie Byers at: deborah.a.byers@hud.gov or (800) 225-5342.



  • 06 Aug 2019 9:06 AM | Dorit White (Administrator)

    Renee Young with RE/MAX is looking for an appraiser for a potential listing in Pueblo. It is on 35 Acres and custom build. It is difficult to comp out because of its unique location, acreage and home itself. Verde Valley Ranch Area, Pueblo CO 81004.

    Please contact Renee at 530-945-8310 or renee@militaryhomesearch.com



  • 23 May 2019 12:13 PM | Dorit White (Administrator)

    Please see the attached PDF for information about a new idea on how to qualify people wanting to become appraisers without the traditional mentor/trainee system, which is not working well because few certified appraisers are willing to take on trainees. 

    AQB Discussion Draft March 2019 FINAL.pdf

    All interested parties are encouraged to comment in writing to the AQB before June 1, 2019. The AQB will also accept verbal comments at its public meeting in Denver, Colorado on Friday, May 3, 2019. Respondents should be assured that each member of the AQB will thoroughly read and consider all comments.Written comments on this discussion draft can be submitted by mail and email.Mail:Appraiser Qualifications Board
    The Appraisal Foundation
    1155 15th Street, NW, Suite 1111
    Washington, DC 20005
    Email:AQBcomments@appraisalfoundation.org

  • 20 May 2019 11:14 AM | Dorit White (Administrator)

    El Paso County has just informed us about a Board of Equalization Referee – Temporary Contract Position. A PDF with the job posting announcement is attached. 

    Thank you!

    Contact Person: Johanna Seeling, Compensation & HRIS Specialist

    Phone: 719-520-7412 johannaseeling@elpasoco.co

    19226 Board of Equalization Referee - TEMPORARY CONTRACT POSITION.pdf

  • 26 Apr 2019 11:05 AM | Dorit White (Administrator)

    Thanks to Garrie Fox we were reminded that CAREA has an agreement with A la Mode/ Total Appraisal Software to provide members with a 10% discount on their products. More information here... CAREA-Members-only. Thank you Garrie!

  • 20 Mar 2019 7:32 AM | Jeff Whaley (Administrator)

    Douglas "Doug" Scott Loeper passed away March 17, 2019 in Colorado Springs, Colorado, surrounded by his loving family. Doug was born December 28, 1971 in Springville, Pennsylvania to Donald and Barbara Loeper.

    Doug was the most loving man, he showed it every day to his family, friends and coworkers. His greatest joys were his wife and children who motivated him to be the best man he could be.  He most looked forward to our weekly happy hour on Friday nights with our fr-amily where he enjoyed sharing food and drinks with the people he loved. He always welcomed new friends into his life and found joy in being around people. 

    His dedication to his business and his employees was unwavering. He cared so much about working hard to provide for his family and took great pride in his business. He showed strength and courage throughout his fight against cancer and never complained or gave up. Doug will be greatly missed by all who knew him. 

    Doug is preceded in death by his father, Donald Loeper.

    Doug is survived by his wife, Lauren, children, Marina (Sean) Andersson, Julien Loeper, Avery Loeper, Owen Loeper, mother, Barbara Loeper, in-laws, Alyce Stas and Dennis Dowell, brothers, David (Cathy) Loeper, Jeffrey (Alisa) Loeper, Brian Dowell, and Dennis Dowell, sisters, Susan (Kerry) Johanson and Deborah Nevin, one grandchild, Emerson and numerous "Framily" members.

    In lieu of flowers, please donate to the family’s GoFundMe page at: www.gofundme.com/loepers-fight

    Link to the Caring Bridge
    website for Doug Loeper:

    https://www.caringbridge.org/visit/theloep


  • 21 Jan 2019 1:29 PM | Dorit White (Administrator)

    We were contacted by Casey Whalen (cwhalen@solidifi.com or at 716-341-7065) with Solidifi, an Appraisal Management Company with an office in downtown Denver about a job opportunity. They are looking for someone to join our quality control review team, which is a full time position in their Denver office. Appraisal knowledge is desired, but the candidate does not have to be certified or even licensed.  PDF with more info is attached.

     2019 Valuation Analyst.pdf

  • 14 Jan 2019 12:29 PM | Dorit White (Administrator)

    If you would like to pay your CAREA dues for 2019 but don't know how - it is pretty easy.

    - Go to the CAREA website.

    - Log in with your user name and password.

    - In the upper right corner click on VIEW PROFILE. 

    - You will see your "Membership details" right in the center of the screen.  You can renew there by clicking on the button "Renew to 01 Jan 2019" in the bottom right corner. 



  • 14 Jan 2019 12:26 PM | Dorit White (Administrator)

    Due to venue inavailability, our January meeting has been pushed out to the 4th Wednesday, 01/23/19. Please remember to update your calendars!  The topic for next weeks meeting is "Support for Single Family Sales Comparison Adjustments" presented by Edd Gillespie. 

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