MN SF1020

Modifies requirements for appraiser prelicense and continuing education courses to align with standards established by the Appraiser Qualifications Board of the Appraisal Foundation instead of requiring International Distance Education Certification Center (IDECC) approval.

Allows course coordinators and instructors to display company logos, sponsor acknowledgments, and third-party advertisements in limited contexts such as trade show booths, scheduled breaks, and course materials, while maintaining prohibitions on recommending particular businesses or recruiting students to specific services.

Defines "evaluation" as a value estimate made according to federal Interagency Appraisal and Evaluation Guidelines for transactions not requiring appraisals, and permits licensed appraisers to provide evaluations without being subject to appraisal regulations or Uniform Standards of Professional Appraisal Practice.

Requires all real property appraisers to complete a continuing education course on valuation bias within two years of receiving a license, effective September 1, 2021, with existing licensees having until August 31, 2023 to comply.

Temporarily permits education providers to submit appraiser courses without IDECC approval during the COVID-19 peacetime emergency through December 31, 2021.