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82B.20 PROHIBITED PRACTICES.
    Subdivision 1. Enforcement. The license of a licensed real estate appraiser may be denied,
revoked, or suspended, or the person may be otherwise disciplined in accordance with this
chapter, upon any of the grounds set forth in this section.
    Subd. 2. Conduct prohibited. No person may:
(1) obtain or try to obtain a license under this chapter by knowingly making a false statement,
submitting false information, refusing to provide complete information in response to a question
in an application for license, or through any form of fraud or misrepresentation;
(2) fail to meet the minimum qualifications established by this chapter;
(3) be convicted, including a conviction based upon a plea of guilty or nolo contendere,
of a crime that is substantially related to the qualifications, functions, and duties of a person
developing real estate appraisals and communicating real estate appraisals to others;
(4) engage in an act or omission involving dishonesty, fraud, or misrepresentation with
the intent to substantially benefit the license holder or another person or with the intent to
substantially injure another person;
(5) engage in a violation of any of the standards for the development or communication of
real estate appraisals as provided in this chapter;
(6) fail or refuse without good cause to exercise reasonable diligence in developing an
appraisal, preparing an appraisal report, or communicating an appraisal;
(7) engage in negligence or incompetence in developing an appraisal, in preparing an
appraisal report, or in communicating an appraisal;
(8) willfully disregard or violate any of the provisions of this chapter or the rules of the
commissioner for the administration and enforcement of the provisions of this chapter;
(9) accept an appraisal assignment when the employment itself is contingent upon the
appraiser reporting a predetermined estimate, analysis, or opinion, or where the fee to be paid
is contingent upon the opinion, conclusion, or valuation reached, or upon the consequences
resulting from the appraisal assignment;
(10) violate the confidential nature of governmental records to which the person gained
access through employment or engagement as an appraiser by a governmental agency;
(11) offer, pay, or give, and no person shall accept, any compensation or other thing of value
from a real estate appraiser by way of commission-splitting, rebate, finder's fee, or otherwise in
connection with a real estate appraisal. This prohibition does not apply to transactions among
persons licensed under this chapter if the transactions involve appraisals for which the license is
required;
(12) engage or authorize a person, except a person licensed under this chapter, to act as a
real estate appraiser on the appraiser's behalf;
(13) violate standards of professional practice;
(14) make an oral appraisal report without also making a written report within a reasonable
time after the oral report is made;
(15) represent a market analysis to be an appraisal report;
(16) give an appraisal in any circumstances where the appraiser has a conflict of interest, as
determined under rules adopted by the commissioner; or
(17) engage in other acts the commissioner by rule prohibits.
History: 1989 c 341 art 1 s 20; 1992 c 464 art 1 s 10