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MN SF3052

Bill

Status

Engrossed

3/29/2010

Primary Sponsor

Linda Scheid

Click for details

Origin

Senate

86th Legislature 2009-2010

AI Summary

  • Licensed real property appraiser applicants must have 2,000 hours of experience obtained in no fewer than 12 months
  • Certified residential real property appraiser applicants must have 2,500 hours of experience obtained in no fewer than 24 months
  • Certified general real property appraiser applicants must have 3,000 hours of experience obtained in no fewer than 30 months, with at least 50 percent (1,500 hours) in nonresidential appraisal work
  • College or university real estate courses may be approved retroactively by the commissioner for appraiser prelicense education credit if offered by a Minnesota institution that was an approved education provider at the time, with approval limits matching those specified by the Appraiser Qualifications Board
  • Experience must be obtained after January 30, 1989, and must be USPAP compliant; applicants cannot receive credit for experience accumulated while unlicensed if it involved activities requiring a license

Legislative Description

Real estate appraisers licensing experience requirements modifications

Last Action

House: Senate file first reading, referred to Commerce and Labor

3/29/2010

Committee Referrals

Commerce and Consumer Protection3/8/2010

Full Bill Text

No bill text available