HF 2133 Summary

• Modifies Minnesota regulations for real estate appraisers by reorganizing licensing requirements to align with Appraisal Qualifications Board standards and modernizing examination, education, and experience prerequisites for all appraiser license levels

• Adds definition of "appraisal review" to exclude examinations of appraisals for administrative or grammatical errors not involving professional judgment, and allows out-of-state appraisers to perform appraisal reviews remotely without offering value opinions

• Changes language from "may" to "must" waive education, experience, and examination requirements for reciprocal licensing of qualified out-of-state appraisers in good standing on the National Registry

• Modifies license cancellation procedures to permit (rather than require) cancellation for failure to complete continuing education, and establishes that appraiser license renewals do not require examinations except in specific circumstances like suspension or extended lapse

• Repeals multiple outdated statutory sections related to examinations, education prerequisites, experience requirements, and standards of conduct while effective date of August 1, 2019