Section 82C.09 — Investigations And Subpoenas.
82C.09 INVESTIGATIONS AND SUBPOENAS. The commissioner has under this chapter the same powers with respect to chapter 45.027, including the authority to impose a civil penalty not to exceed $10,000 per violation. History: 2010 c 347 art 6 s 17
Section 82C.10 — Employee Requirements.
82C.10 EMPLOYEE REQUIREMENTS. An employee of the appraisal management company that has the responsibility to review the work of employed and independent appraisers where the subject properties are located within this state, which include the reviewer’s opinion of value or concurrence with the original appraiser’s value, must be licensed according to chapter 82B and perform […]
Section 82B.095 — Appraiser Qualification Components.
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 [Repealed, 2013 c 135 art 3 s 23] Subd. 2. MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15] Subd. 3.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 a trainee real property appraiser, licensed real property appraiser, certified residential real property appraiser, or certified […]
Section 82B.24 — Private Right Of Action.
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 consequential damages; (2) statutory damages of no less than $1,000 nor more than […]
Section 82B.105 — Reciprocity.
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 maintained by the Appraisal Subcommittee, and (2) the licensing requirements of that jurisdiction are […]
Section 82B.25 — Valuation Bias.
82B.25 VALUATION BIAS. Subdivision 1. Definition. For the purposes of this section, “valuation bias” means to explicitly, implicitly, or structurally select and apply data to an appraisal methodology or technique in a biased manner that harms a protected class, as defined by the Fair Housing Act of 1968, as amended. Subd. 2. Education. A real […]
Section 82B.11 — Classes Of License.
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 the appraisal of properties which a certified residential real […]
Section 82C.01 — Title.
82C.01 TITLE. This chapter shall be known as the “Minnesota Appraisal Management Company Licensing and Regulation Act.” History: 2010 c 347 art 6 s 9
Section 82B.13 — Education Prerequisites.
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 that is specifically oriented to the requirements and responsibilities of supervisory appraisers and trainee appraisers. A course […]
Section 82B.135 — Course Completion Certifications For Real Estate Appraiser License.
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 commissioner, evidence that the applicant has completed all required prelicensing education coursework applicable to the […]