Minnesota Legislature
SF 1103
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Current Version - as introduced
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A bill for an act
relating to real estate appraisers; modifying
oversight, licensing, and certification provisions;
amending Minnesota Statutes 2004, sections 82B.05,
subdivisions 1, 5; 82B.06.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2004, section 82B.05,
subdivision 1, is amended to read:
Subdivision 1.
Members.
The Real Estate Appraiser
Advisory Board consists of 15 members appointed by the
commissioner of commerce. Three of the members must be public
members, four must be consumers of appraisal services, and eight
must be real estate appraisers of whom not less than two members
shall be registered real property appraisers, licensed real
property appraisers, or certified residential real property
appraisers deleted text begin and deleted text end new text begin ,new text end not less than two members shall be certified
general real property appraisersnew text begin , and not less than one member
shall be certified by the Appraisal Qualification Board of the
Appraisal Foundation to teach the Uniform Standards of
Professional Appraisal Practicenew text end . The board is governed by
section 15.0575.
Sec. 2.
Minnesota Statutes 2004, section 82B.05,
subdivision 5, is amended to read:
Subd. 5.
Conduct of meetings.
Places of regular board
meetings must be decided by the vote of members. Written notice
must be given to each member of the time and place of each
meeting of the board at least ten days before the scheduled date
of regular board meetings. The board shall establish procedures
for emergency board meetings and other operational procedures,
subject to the approval of the commissioner.
The members of the board shall elect a chair from among the
members to preside at board meetings.
A quorum of the board is eight members.
The board shall meet new text begin once every six months, or sooner new text end as
determined by a majority vote of the members or a call of the
commissioner.
Sec. 3.
Minnesota Statutes 2004, section 82B.06, is
amended to read:
82B.06 POWERS OF THE BOARD.
new text begin
(a) new text end The board shall make recommendations to the
commissioner deleted text begin as the commissioner requests deleted text end on:
(1) rules with respect to each category of licensed real
estate appraiser, the type of educational experience, appraisal
experience, and equivalent experience that will meet the
requirements of this chapter;
(2) examination specifications for each category of
licensed real estate appraiser, to assist in providing or
obtaining appropriate examination questions and answers, and
procedures for grading examinations;
(3) rules with respect to each category of licensed real
estate appraiser, the continuing education requirements for the
renewal of licensing that will meet the requirements provided in
this chapter;
(4) periodic review of the standards for the development
and communication of real estate appraisals provided in this
chapter and rules explaining and interpreting the standards; deleted text begin and
deleted text end
(5) new text begin rules governing the registration and limitations of
real estate appraiser trainees; and
new text end
new text begin
(6) new text end other matters necessary in carrying out the provisions
of this chapter.
new text begin
(b) The rules adopted under paragraph (a), clause (5), must
at a minimum provide the following:
new text end
new text begin
(1) an appraiser must have held a certified residential
real property or the certified general real property license for
a minimum of two years prior to becoming a supervisory
appraiser;
new text end
new text begin
(2) both the supervisory and the trainee appraisers must
attend a training/orientation class, to be developed by the Real
Estate Appraiser Advisory Board, in conjunction with the
Department of Commerce. Classes should be scheduled quarterly;
new text end
new text begin
(3) to receive a license, the trainee must provide the name
of and pertinent information about the trainee's supervisory
appraiser;
new text end
new text begin
(4) an appraiser may supervise no more than two trainees at
any given time; and
new text end
new text begin
(5) a trainee may have more than one supervisor in the same
office.
new text end