HF 3485

as introduced - 86th Legislature (2009 - 2010) Posted on 03/08/2010 09:57am

A bill for an act
relating to commerce; modifying the experience requirement for real estate
appraisers; amending Minnesota Statutes 2008, section 82B.14.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2008, section 82B.14, is amended to read:

82B.14 EXPERIENCE REQUIREMENT.

(a) As a prerequisite for licensing as a licensed real property appraiser, an applicant
must present evidence satisfactory to the commissioner that the person has obtained 2,000
hours of experience in real property appraisal obtained in no fewer than 12 months.

As a prerequisite for licensing as a certified residential real property appraiser, an
applicant must present evidence satisfactory to the commissioner that the person has
obtained 2,500 hours of experience in real property appraisal obtained in no fewer than
24 months.

As a prerequisite for licensing as a certified general real property appraiser, an
applicant must present evidence satisfactory to the commissioner that the person has
obtained 3,000 hours of experience in real property appraisal obtained in no fewer than 30
months. At least 50 percent, or 1,500 hours, must be in nonresidential appraisal work.

(b) Each applicant for license under section 82B.11, subdivision 3, 4, or 5, shall
give under oath a detailed listing of the real estate appraisal reports or file memoranda
for which experience is claimed by the applicant. Upon request, the applicant shall make
available to the commissioner for examination, a sample of appraisal reports that the
applicant has prepared in the course of appraisal practice.

(c) new text begin Notwithstanding section 45.22, a college or university real estate degree program
may be approved retroactively by the commissioner for appraiser prelicense education
credit if :
new text end

new text begin (1) the degree program was offered by a college or university physically located
in Minnesota;
new text end

new text begin (2) the college or university was an approved education provider at the time the
degree program was offered;
new text end

new text begin (3) the degree program has received approval from the Appraiser Qualifications
Board for credit toward the Real Property Appraiser Qualification Criteria; and
new text end

new text begin (4) the commissioner's approval is made to the same extent in terms of courses and
hours and with the same time limits as those specified by the Appraiser Qualifications
Board's degree program approval letter.
new text end

new text begin (d) new text end Applicants may not receive credit for experience accumulated while unlicensed,
if the experience is based on activities which required a license under this section.

deleted text begin (d) deleted text end new text begin (e) new text end Experience for all classifications must be obtained after January 30, 1989,
and must be USPAP compliant.