Minnesota Session Laws - 1991, Regular Session

  

                         Laws of Minnesota 1991 

                         CHAPTER 7-H.F.No. 153 
           An act relating to commerce; regulating real estate 
          appraisers; authorizing the commissioner of commerce 
          to issue temporary licenses. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [TEMPORARY LICENSES.] 
    (a) The commissioner of commerce shall issue a temporary 
license to a person who wishes to engage in the business of real 
estate appraisal.  The word "temporary" must appear in a 
conspicuous manner on the license.  
    The commissioner shall notify a licensee issued a license 
under this section that, as soon as the examination required by 
Minnesota Statutes, section 82B.10, and courses that will 
satisfy the prelicensing education requirements of Minnesota 
Statutes, chapter 82B, are available, the temporary license will 
expire six months from the date of the notice.  The commissioner 
shall notify the licensees that they must pass the examination 
conducted by the commissioner under Minnesota Statutes, section 
82B.10, and successfully complete sufficient classroom hours of 
courses under Minnesota Statutes, section 82B.13, before that 
date.  An appraiser who has not met those requirements as of 
that date is unlicensed.  
    This section is in addition to the authority granted to the 
commissioner in Minnesota Statutes, section 82B.225. 
    The commissioner shall not issue licenses under this 
section after courses that will satisfy preexamination education 
requirements are available and the examination required by 
Minnesota Statutes, section 82B.13, is also available.  
    (b) A person licensed under this section shall disclose in 
writing to every client the fact that the license being held by 
that person is a temporary one. 
    Sec. 2.  [EFFECTIVE DATE.] 
    Section 1 is effective the day following final enactment. 
    Presented to the governor March 19, 1991 
    Signed by the governor March 22, 1991, 5:08 p.m.