Title Minnesota Statutes, Minnesota Statutes

82B.07 POWERS OF THE COMMISSIONER. The commissioner shall: (1) receive applications for licenses; (2) establish the procedures for processing applications for licensing; (3) issue a license for appraisers; (4) maintain a registry of the names and addresses of people licensed unde…

82B.071 RECORDS. § Subdivision 1.Examination of records. The commissioner may make examinations within or without this state of each real estate appraiser's records at such reasonable time and in such scope as is necessary to enforce the provisions of this chapter. § Subd. 2.Rete…

82B.072 FORMAL COMPLAINTS. For the purposes of this chapter, an inquiry alleging noncompliance with this chapter that does not result in a disciplinary action, including any informal disposition of a case or an action pursuant to this chapter or section 45.027, does not constitut…

82B.073 REAL ESTATE APPRAISAL ADVISORY BOARD. § Subdivision 1.Creation; appointments. (a) The Real Estate Appraisal Advisory Board is created and composed of seven persons appointed by the commissioner. Members are appointed to the board subject to the following conditions: (1) m…

82B.08 LICENSING REQUIREMENTS. § Subdivision 1.Generally. The commissioner shall issue a license as a real estate appraiser to a person who qualifies for the license under the terms of this chapter. § Subd. 2.Qualification of applicants. An applicant must be at least 18 years of …

82B.09 FEES. § Subdivision 1.Amounts. (a) The following fees must be paid to the commissioner: (1) $150 for each initial individual real estate appraiser's license; and (2) $100 for each renewal. (b) In addition to the fees required under this subdivision, individual real estate …

82B.093 TRAINEE REAL PROPERTY APPRAISER. (a) A trainee real property appraiser shall be subject to direct supervision by a certified residential real property appraiser or certified general real property appraiser in good standing. (b) A trainee real property appraiser is permitt…

82B.094 SUPERVISION OF TRAINEE REAL PROPERTY APPRAISERS. (a) A certified residential real property appraiser or a certified general real property appraiser, in good standing, may engage a trainee real property appraiser to assist in the performance of real estate appraisals, prov…

82B.095 APPRAISER QUALIFICATION COMPONENTS. § Subdivision 1. [Repealed, 2013 c 135 art 3 s 23] § Subd. 2. MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15] § Subd. 3.Conformance to Appraisal Qualifications Board criteria. (a) The requirements to obtain and maintain a trainee real prope…

82B.105 RECIPROCITY. The education, experience, and examination requirements of this chapter may be waived by the commissioner for individuals of other jurisdictions if: (1) the individual is licensed in another jurisdiction and is listed in good standing on the National Registry…

82B.11 CLASSES OF LICENSE. § Subdivision 1.Generally. There are five classes of license for real estate appraisers. § Subd. 2. MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15] § Subd. 2a.Trainee real property appraiser. The scope of practice for a trainee real property appraiser is th…

82B.13 EDUCATION PREREQUISITES. § Subdivision 1.Trainee real property appraiser. As a prerequisite for licensing as a trainee real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed a six-hour course …

82B.135 COURSE COMPLETION CERTIFICATIONS FOR REAL ESTATE APPRAISER LICENSE. § Subdivision 1.Submitting to commissioner. An applicant for a real estate appraiser license must submit to the commissioner, along with an application for licensure and in a manner prescribed by the comm…

82B.15 NONRESIDENT SERVICE OF PROCESS. § Subdivision 1.Appointment of commissioner. A nonresident, before being licensed as a real estate appraiser, shall appoint the commissioner and a successor or successors in office as true and lawful attorney, upon whom may be served all leg…

82B.16 PRINCIPAL PLACE OF BUSINESS AND NOTICE. A licensed real estate appraiser shall advise the commissioner of the address of the person's principal place of business and all other addresses at which the person is now engaged in the business of preparing real property appraisal…

82B.17 LICENSE DESIGNATION. When a real estate appraiser uses the designation real estate appraiser or similar terms in an appraisal report or in a contract or other instrument used by the license holder in conducting real property appraisal activities or in advertisements, the a…

82B.18 USE OF TERM. The term "real estate appraiser" may only be used to refer to individuals who hold a license under this chapter. The term may not be used following or immediately in connection with the name or signature of a firm, partnership, corporation, or group; or in a m…

82B.19 CONTINUING EDUCATION. § Subdivision 1.License renewals. The commissioner must determine that a licensed real estate appraiser has met the continuing education requirements of this chapter before the commissioner renews a license. This determination must be based on, for a …

82B.195 STANDARDS OF CONDUCT. § Subdivision 1.Compliance with uniform standards of professional appraisal practice. In addition to an act compelled or prohibited by this chapter, an appraiser must act according to the standards of professional appraisal practice defined in sectio…

82B.20 PROHIBITED PRACTICES. § Subdivision 1.Enforcement. The license of a licensed real estate appraiser may be denied, revoked, or suspended, or the person may be otherwise disciplined in accordance with this chapter, upon any of the grounds set forth in this section. § Subd. 2…

82B.201 CRIMINAL PENALTY. A person is guilty of a gross misdemeanor and may be sentenced to imprisonment for not more than 364 days or to payment of a fine of not more than $3,000, or both, if the person: (1) violates section 82B.20, subdivision 2, clause (4); (2) performs unlice…

82B.21 CLASSIFICATION OF SERVICES. A client or employer may retain or employ a licensed real estate appraiser to act as a disinterested third party in giving an unbiased estimate of value or analysis; to provide a market analysis to facilitate the client's or employer's objective…

82B.22 CONTINGENT FEES. A licensed real estate appraiser may not accept a commission for an appraisal assignment that is contingent upon the appraiser reporting a predetermined estimate, analysis, or opinion, or is contingent upon the opinion, conclusion, or valuation reached, or…

82B.23 FEDERAL CERTIFICATION. § Subdivision 1.Requirement. The commissioner shall certify and transmit to the Appraisal Subcommittee established pursuant to the Federal Institutions Reform, Recovery, and Enforcement Act of 1989, Public Law 100-73, the names of those licensees who…

82B.24 PRIVATE RIGHT OF ACTION. § Subdivision 1.Remedies. Any person injured by a violation of the standards, duties, prohibitions, or requirements of section 82B.20 or 82B.22 shall have a private right of action and the court shall award: (1) actual, incidental, and consequentia…