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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. 2. Assessors. Nothing in this chapter shall be construed as requiring the licensing of
persons employed and acting in their capacity as assessors for political subdivisions of the state.
    Subd. 3. Geologists or engineers. This chapter does not apply to an appraisal, analysis,
opinion, or conclusion as to the value of oil, gas, coal, and other mineral resources performed
by an engineer registered as provided in sections 326.01 to 326.15 or by a certified professional
geologist, unless the appraisal, analysis, opinion, or conclusion of value is performed in
connection with a federally related transaction subject to the requirements of United States
Code, title 12, section 3331, et seq., the federal Financial Institutions Reform, Recovery, and
Enforcement Act of 1989.
    Subd. 4. Department of Revenue. This chapter does not require persons employed by, or
under contract to, the Department of Revenue to be licensed in order to perform, conduct, or assist
in, an appraisal done within the scope of their employment or contract duties.
History: 1989 c 341 art 1 s 3; 1993 c 309 s 23; 1993 c 375 art 3 s 1