Minn. Stat. § 82B.11

Current through 2024, c. 127

Section 82B.11 - CLASSES OF LICENSE

Subdivision 1.Generally.

There are five classes of license for real estate appraisers.

Subd. 2.

MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15]

Subd. 2a.Trainee real property appraiser.

The scope of practice for a trainee real property appraiser is the appraisal of properties which a certified residential real property appraiser or certified general real property appraiser acting as the supervisory appraiser is permitted and competent to appraise.

Subd. 3.Licensed residential real property appraiser.

A licensed residential real property appraiser may appraise noncomplex residential property or agricultural property having a transaction value less than $1,000,000 and complex residential or agricultural property having a transaction value less than $400,000.

Subd. 4.Certified residential real property appraiser.

A certified residential real property appraiser may appraise residential property or agricultural property without regard to transaction value or complexity.

Subd. 5.Certified general real property appraiser.

A certified general real property appraiser may appraise all types of real property.

Subd. 6.Temporary practice.

(a) The commissioner shall issue a license for temporary practice as a real estate appraiser under subdivision 3, 4, or 5 to a person certified or licensed by another state if:

(1) the appraiser's business is of a temporary nature; and

(2) the appraiser registers with the commissioner to obtain a temporary license before conducting appraisals within the state.

(b) The term of a temporary practice license is the lesser of:

(1) the time required to complete the assignment; or

(2) 12 months.

If more than 12 months are necessary to complete the assignment, a new temporary application and fee is required.

Minn. Stat. § 82B.11

1989 c 341 art 1 s 11; 1991 c 97 s 4; 1992 c 363 art 1 s 3; 1992 c 587 art 4 s 1, 2; 1993 c 309 s 25; 2005 c 100 s 11; 2006 c 235 s 2, 3; 2011 c 108 s 45

Amended by 2021SP1 Minn. Laws, ch. 4,s 3-26, eff. 8/1/2021.

Amended by 2019 Minn. Laws, ch. 7,s 10-15, eff. 8/1/2019.

Amended by 2019 Minn. Laws, ch. 7,s 10-9, eff. 1/1/2020.

Amended by 2019 Minn. Laws, ch. 7,s 10-8, eff. 1/1/2020.