MN SF3503

Allows real estate appraisers to provide minimum damage acquisition reports for purposes of section 117.036 without being subject to appraisal regulations or licensing requirements.

Permits appraisers to submit out-of-state synchronous educational offerings for continuing education credit if approved by another state's regulator, with application deadline of August 1 of renewal year and 30-day post-completion submission requirement.

Requires commissioner to grant continuing education credit within 60 days and allows commissioner to charge a fee for processing out-of-state education credit applications.

Removes the two-year timeline requirement for valuation bias continuing education course completion and instead requires appraisers licensed after September 1, 2021 to complete the course prior to first license renewal.

Removes language allowing commissioner to establish fee schedules for appraisal management companies and clarifies documentation requirements for demonstrating reasonable and customary appraiser fees.