Bill
Bill > HF737
MN HF737
Real property appraiser continuing education credit, evaluations, and standards of conduct modified.
summary
Introduced
02/04/2021
02/04/2021
In Committee
02/04/2021
02/04/2021
Crossed Over
Passed
Dead
05/23/2022
05/23/2022
Introduced Session
92nd Legislature 2021-2022
Bill Summary
A bill for an act relating to commerce; allowing continuing education credit, evaluations, and modifying standards of conduct for real property appraisers; amending Minnesota Statutes 2020, sections 82B.021, by adding subdivisions; 82B.03, by adding a subdivision; 82B.19, by adding a subdivision; 82B.195, by adding a subdivision; proposing coding for new law in Minnesota Statutes, chapter 82B.
AI Summary
This bill allows licensed real estate appraisers to provide "evaluations," which are estimates of property value for certain real estate-related financial transactions where an appraisal is not required by federal law. The bill also grants continuing education credit for out-of-state classroom courses that meet certain criteria, and requires appraisers to complete a continuing education course on valuation bias within two years of receiving their license. Additionally, the bill defines "Interagency Appraisal and Evaluation Guidelines" and specifies that when providing an evaluation, an appraiser is not required to comply with the Uniform Standards of Professional Appraisal Performance.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Author added Theis (on 02/25/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0737&ssn=0&y=2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF737&version=0&session=ls92&session_year=2021&session_number=0&format=pdf |
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