Section 82B.18 — Use Of Term.
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 manner that might cause it […]
Section 82B.19 — Continuing Education.
82B.19 CONTINUING EDUCATION. Subdivision 1. License renewals. (a) 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 resident appraiser, course completion records uploaded electronically in a manner prescribed by the commissioner […]
Section 82B.072 — Formal Complaints.
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 constitute a formal complaint under this chapter or section 45.027. History: 2017 […]
Section 82B.073 — Real Estate Appraisal Advisory Board.
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) members must currently be, and have been for the past five years, residents of this […]
Section 82B.08 — Licensing Requirements.
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 age when making application. Subd. 2a. Criminal history record check; […]
Section 82B.09 — Fees.
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 appraisers shall pay a technology surcharge of up to $40 under […]
Section 82B.093 — Trainee Real Property Appraiser.
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 permitted to have more than one supervising appraiser. (c) The scope of practice for the […]
Section 82B.03 — Prohibitions.
82B.03 PROHIBITIONS. Subdivision 1. License required. (a) It is unlawful for a person to act as a real estate appraiser in this state unless licensed under this chapter. (b) Only persons licensed under this chapter may advertise or represent themselves to be real estate appraisers. (c) No person, other than a licensed real estate appraiser, […]
Section 82B.035 — Exemption.
82B.035 EXEMPTION. Subdivision 1. Market analysis. This chapter does not apply to a licensed real estate salesperson or broker who, in the ordinary course of the licensee’s business, gives a market analysis of the price of real estate, if the market analysis is not referred to or construed as an appraisal. Subd. 1a. Broker price […]
Section 82B.04 — Responsibility For Agents.
82B.04 RESPONSIBILITY FOR AGENTS. A real estate appraiser is responsible for the acts of persons acting on the appraiser’s behalf. History: 1989 c 341 art 1 s 4