Bill
Bill > SF1020
MN SF1020
MN SF1020Continuing education sponsors and instructors regulation and exceptions; real property appraisers continuing education, evaluations, and standards of conduct modifications
summary
Introduced
02/15/2021
02/15/2021
In Committee
03/04/2021
03/04/2021
Crossed Over
04/09/2021
04/09/2021
Passed
05/05/2021
05/05/2021
Dead
Signed/Enacted/Adopted
05/06/2021
05/06/2021
Introduced Session
92nd Legislature 2021-2022
Bill Summary
A bill for an act relating to commerce; modifying requirements for real estate appraiser continuing education; amending Minnesota Statutes 2020, sections 45.305, subdivision 1, by adding a subdivision; 45.306, by adding a subdivision; 45.33, subdivision 1, by adding a subdivision; 82B.021, by adding subdivisions; 82B.03, by adding a subdivision; 82B.195, by adding a subdivision; proposing coding for new law in Minnesota Statutes, chapter 82B; repealing Minnesota Statutes 2020, section 45.306, subdivision 1.
AI Summary
This bill modifies requirements for real estate appraiser continuing education in Minnesota. It amends existing laws to specify that the design and delivery of appraiser prelicense and continuing education courses must meet the requirements established by the Appraiser Qualifications Board of the Appraisal Foundation. The bill also allows licensed real estate appraisers to provide "evaluations" of real property value for certain financial transactions where a full appraisal is not required by federal law, and exempts such evaluations from compliance with the Uniform Standards of Professional Appraisal Practice. Additionally, the bill requires real property appraisers to complete a continuing education course on valuation bias within two years of receiving their license.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Secretary of State, Filed (on 05/06/2021)
Official Document
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