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82B.11 CLASSES OF LICENSE.

Subdivision 1.Generally.

There are five classes of license for real estate appraisers.

Subd. 2.

MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15]

[See Note.]

Subd. 2a.Trainee real property appraiser.

The scope of practice for a trainee real property appraiser is the appraisal of properties which a certified residential real property appraiser or certified general real property appraiser acting as the supervisory appraiser is permitted and competent to appraise.

Subd. 3.Licensed residential real property appraiser.

A licensed residential real property appraiser may appraise noncomplex residential property or agricultural property having a transaction value less than $1,000,000 and complex residential or agricultural property having a transaction value less than $250,000.

Subd. 4.Certified residential real property appraiser.

A certified residential real property appraiser may appraise residential property or agricultural property without regard to transaction value or complexity.

Subd. 5.Certified general real property appraiser.

A certified general real property appraiser may appraise all types of real property.

Subd. 6.Temporary practice.

(a) The commissioner shall issue a license for temporary practice as a real estate appraiser under subdivision 3, 4, or 5 to a person certified or licensed by another state if:

(1) the appraiser's business is of a temporary nature; and

(2) the appraiser registers with the commissioner to obtain a temporary license before conducting appraisals within the state.

(b) The term of a temporary practice license is the lesser of:

(1) the time required to complete the assignment; or

(2) 12 months.

If more than 12 months are necessary to complete the assignment, a new temporary application and fee is required.

NOTE: The repeal of subdivision 2 is effective January 1, 2020. The text may be viewed at MS 2018 in the statutes archives.