2020 Colorado Revised Statutes
Title 12 - Professions And Occupations
Article 10. Real Estate
Section 12-10-616. Unlawful acts - penalties.
(1) It is unlawful for a person to:
(a) Violate section 12-10-613 (1)(c), (1)(e), or (1)(f) or perform a real estate appraisal without first having obtained a license or certificate from the board pursuant to this part 6; (b) Accept a fee for an independent appraisal assignment that is contingent upon:
Reporting a predetermined analysis, opinion, or conclusion; or
The analysis, opinion, or conclusion reached; or
The consequences resulting from the analysis, opinion, or conclusion;
Misrepresent a consulting service as an independent appraisal; or
Fail to disclose, in connection with a consulting service for which a contingent fee isor will be paid, the fact that a contingent fee is or will be paid.
(2) Any person who violates any provision of subsection (1) of this section commits a class 1 misdemeanor and shall be punished as provided in section 18-1.3-501. Any person who subsequently violates any provision of subsection (1) of this section within five years after the date of a conviction for a violation of subsection (1) of this section commits a class 5 felony and shall be punished as provided in section 18-1.3-401.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 682, § 1, effective October 1.
Editor's note: This section is similar to former § 12-61-716 as it existed prior to 2019.
