summary
Introduced
03/20/2025
03/20/2025
In Committee
03/20/2025
03/20/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to real estate appraisers; establishing a disciplinary sanction matrix; proposing coding for new law in Minnesota Statutes, chapter 82B.
AI Summary
This bill establishes a new provision for disciplinary actions against real estate appraisers in Minnesota by requiring the state commissioner to use the Voluntary Disciplinary Sanction Matrix published by the Appraisal Foundation when determining sanctions for professional misconduct. The matrix serves as a standardized guideline for assessing disciplinary penalties, but the bill also allows the commissioner flexibility to deviate from the matrix on a case-by-case basis if reasonable mitigating circumstances exist. This approach aims to provide a more structured and consistent approach to disciplinary actions while maintaining some discretion for unique situations, ultimately promoting fairness and transparency in the regulation of real estate appraisers.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Referred to Commerce and Consumer Protection (on 03/20/2025)
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=Senate&f=SF2814&ssn=0&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2814&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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