Source: https://www.revisor.mn.gov/statutes/cite/82B/full
Timestamp: 2019-12-14 01:01:55
Document Index: 116258735

Matched Legal Cases: ['art 5', 'art 10', 'art 10', 'art 1', 'art 1', 'art 10', 'art 10', 'art 1', 'art 3', 'art 1', 'art 1', 'art 1', 'art 10', 'art 1', 'art 3', 'art 4', 'art 1', 'art 4', 'art 3', 'art 10', 'art 1', 'art 3', 'art 1', 'art 3', 'art 10', 'art 1', 'art 1', 'art 1', 'art 4', 'art 10', 'art 1', 'art 4', 'art 3', 'art 1', 'art 10', 'art 1', 'art 1', 'art 2', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 4', 'art 3', 'art 1', 'art 1', 'art 10', 'art 2', 'art 1', 'art 10', 'art 1']

﻿ Ch. 82B MN Statutes
82B.02 [Repealed, 2009 c 63 s 77]
82B.04 RESPONSIBILITY FOR AGENTS.
82B.05 Subdivisions renumbered, repealed, or no longer in effect
82B.06 [Repealed, 2014 c 286 art 5 s 5]
82B.07 POWERS OF THE COMMISSIONER.
82B.071 RECORDS.
82B.072 FORMAL COMPLAINTS.
82B.09 FEES.
82B.10 Subdivisions renumbered, repealed, or no longer in effect
82B.105 RECIPROCITY.
82B.11 CLASSES OF LICENSE.
82B.12 MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15]
82B.135 COURSE COMPLETION CERTIFICATIONS FOR REAL ESTATE APPRAISER LICENSE.
82B.14 MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15]
82B.15 NONRESIDENT SERVICE OF PROCESS.
82B.16 PRINCIPAL PLACE OF BUSINESS AND NOTICE.
82B.17 LICENSE DESIGNATION.
82B.18 USE OF TERM.
82B.201 CRIMINAL PENALTY.
82B.21 CLASSIFICATION OF SERVICES.
82B.22 CONTINGENT FEES.
82B.221 [Repealed, 2005 c 100 s 18]
82B.225 [Repealed, 1989 c 341 art 1 s 26; 1991 c 97 s 17; 1992 c 363 art 1 s 6]
82B.23 FEDERAL CERTIFICATION.
82B.24 PRIVATE RIGHT OF ACTION.
Subd. 14. Appraisal Subcommittee.
"Appraisal Subcommittee" means the appraisal subcommittee of the Federal Financial Institutions Examinations Council under United States Code, title 12, section 3301 et seq.
"Federal financial institutions regulatory agency" means the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, or the National Credit Union Administration.
MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15]
2009 c 63 s 61; 2011 c 15 s 5; 1Sp2019 c 7 art 10 s 3,4
NOTE: The repeal of subdivision 17 is effective January 1, 2020. The text may be viewed at MS 2018 in the statutes archives.
Subd. 1a.Broker price opinion.
1989 c 341 art 1 s 3; 1993 c 309 s 23; 1993 c 375 art 3 s 1; 2008 c 337 s 64; 2010 c 354 s 1; 2011 c 15 s 6
A real estate appraiser is responsible for the acts of persons acting on the appraiser's behalf.
1989 c 341 art 1 s 4
82B.05
(1) receive applications for licenses;
(2) establish the procedures for processing applications for licensing;
(3) issue a license for appraisers;
(4) maintain a registry of the names and addresses of people licensed under this chapter;
(5) keep records and all application materials submitted to the commissioner;
(6) conduct investigations;
(7) deny, revoke, and suspend licenses; and
(8) take other actions necessary to carry out the purposes of this chapter.
1989 c 341 art 1 s 7
2009 c 178 art 1 s 51
2017 c 37 s 2
Subd. 2a.Compensation.
Members of the board must be compensated in accordance with section 15.059.
2018 c 173 s 3; 1Sp2019 c 7 art 10 s 5
(a) The following fees must be paid to the commissioner:
(1) $150 for each initial individual real estate appraiser's license; and
(2) $100 for each renewal.
(b) In addition to the fees required under this subdivision, individual real estate appraisers shall pay a technology surcharge of up to $40 under section 45.24, unless the commissioner has adjusted the surcharge as permitted under that section.
All fees must be kept by the commissioner and are nonreturnable, except that an overpayment of a fee shall be refunded upon proper application.
Subd. 3.Fees to Appraisal Subcommittee.
In addition to the fees required for licensure under this section, the commissioner must collect and remit such other fees as are required by the Appraisal Subcommittee.
1989 c 341 art 1 s 9; 1992 c 513 art 3 s 29; 1994 c 632 art 4 s 41; 1997 c 200 art 1 s 49; 1Sp2005 c 1 art 4 s 9; 2007 c 57 art 3 s 38; 2009 c 63 s 67; 1Sp2019 c 7 art 10 s 6
(1) has been licensed in good standing as either a certified residential real property appraiser or a certified general real property appraiser for the three-year period immediately preceding the individual's application to become a supervisor;
(3) has not been the subject of any license or certificate suspension or revocation or has not been prohibited from supervising activities in this state or any other state within the three years immediately preceding the individual's application to become a supervisor;
2009 c 178 art 1 s 54; 2013 c 135 art 3 s 10; 2014 c 198 art 1 s 3
Subd. 3.Conformance to Appraisal Qualifications Board criteria.
(a) The requirements to obtain a trainee real property appraiser, licensed real property appraiser, certified residential real property appraiser, or certified general real property appraiser license are the education, examination, and experience requirements established by the Appraiser Qualifications Board of the Appraisal Foundation and published in the most recent version of the Real Property Appraiser Qualification Criteria.
(b) An applicant must complete the applicable education and experience requirements before taking the required examination.
2005 c 100 s 9; 2006 c 235 s 1; 2013 c 135 art 3 s 11; 1Sp2019 c 7 art 10 s 7
NOTE: The repeal of subdivision 2 is effective January 1, 2020. The text may be viewed at MS 2018 in the statutes archives.
82B.10
NOTE: The repeal of subdivisions 1, 2, 3, 4, 5, 6, 8, and 9, is effective January 1, 2020. The text may be viewed at MS 2018 in the statutes archives.
2014 c 198 art 1 s 4
There are five classes of license for real estate appraisers.
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.
Subd. 6.Temporary practice.
(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.
(2) 12 months.
If more than 12 months are necessary to complete the assignment, a new temporary application and fee is required.
1989 c 341 art 1 s 11; 1991 c 97 s 4; 1992 c 363 art 1 s 3; 1992 c 587 art 4 s 1,2; 1993 c 309 s 25; 2005 c 100 s 11; 2006 c 235 s 2,3; 2011 c 108 s 45; 1Sp2019 c 7 art 10 s 8,9
NOTE: The repeal of this section is effective January 1, 2020. The text may be viewed at MS 2018 in the statutes archives.
As a prerequisite for licensing as a trainee real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed a six-hour course that is specifically oriented to the requirements and responsibilities of supervisory appraisers and trainee appraisers. A course approved by the commissioner for the purposes of this subdivision must be given the course title "Minnesota Supervisor/Trainee Appraiser Course." This course must not be counted toward qualifying education to upgrade to a higher level appraiser license.
1989 c 341 art 1 s 13; 1991 c 97 s 5-7; 1992 c 587 art 4 s 3; 1993 c 309 s 31; 1997 c 222 s 37-39; 2005 c 100 s 12-15; 2006 c 235 s 4-8; 2009 c 63 s 69-71; 2011 c 108 s 46; 2013 c 135 art 3 s 13-17; 2014 c 198 art 1 s 5; 1Sp2019 c 7 art 10 s 10
NOTE: The repeal of subdivisions 1a, 3, 4, 5, 6, 7, and 8, is effective January 1, 2020. The text may be viewed at MS 2018 in the statutes archives.
Subdivision 1.Submitting to commissioner.
An applicant for a real estate appraiser license must submit to the commissioner, along with an application for licensure and in a manner prescribed by the commissioner, evidence that the applicant has completed all required prelicensing education coursework applicable to the class of license sought.
Subd. 3.Copies to be maintained.
2009 c 63 s 72; 2014 c 198 art 1 s 6
Subdivision 1.Appointment of commissioner.
A nonresident, before being licensed as a real estate appraiser, shall appoint the commissioner and a successor or successors in office as true and lawful attorney, upon whom may be served all legal process in an action or proceedings against the person, or in which the person may be a party, in relation to or involving a transaction covered by this chapter or a rule or order under this chapter. The appointment is irrevocable. Service upon the attorney is as valid and binding as if due and personal service had been made upon the person. The appointment is effective upon the issuance of the license in connection with which the appointment was filed.
Subd. 2.Effect of nonappointment.
The commission of an act constituting a violation of this chapter or rule or order adopted under this chapter by a nonresident person who has not appointed the commissioner as attorney in compliance with subdivision 1, is conclusively considered an irrevocable appointment by the person of the commissioner and a successor or successors in an action or proceedings against the nonresident or in which the nonresident may be a party in relation to or involving the violation. The violation is a signification of agreement that all legal process that is served is as valid and binding upon the nonresident as if due and personal service had been made.
Service of process under this section shall be made in compliance with section 45.028, subdivision 2.
1989 c 341 art 1 s 15; 1991 c 97 s 9; 1992 c 564 art 2 s 16
A licensed real estate appraiser shall advise the commissioner of the address of the person's principal place of business and all other addresses at which the person is now engaged in the business of preparing real property appraisal reports.
When a licensed real estate appraiser changes a place of business, the person shall immediately give written notification of the change to the commissioner and apply for an amended license.
A licensed real estate appraiser shall notify the commissioner of the person's current residence address.
1989 c 341 art 1 s 16
When a real estate appraiser uses the designation real estate appraiser or similar terms in an appraisal report or in a contract or other instrument used by the license holder in conducting real property appraisal activities or in advertisements, the appraiser shall place the appraiser's license number adjacent to or immediately below the designation used and indicate the class of license held.
1989 c 341 art 1 s 17; 1991 c 97 s 10; 1992 c 363 art 1 s 4
The term "real estate appraiser" may only be used to refer to individuals who hold a license under this chapter. The term may not be used following or immediately in connection with the name or signature of a firm, partnership, corporation, or group; or in a manner that might cause it to be interpreted as referring to a firm, partnership, corporation, group, or anyone other than an individual holder of the license.
No license may be issued under this chapter to a corporation, partnership, firm, or group. This does not prevent a licensed real estate appraiser from signing an appraisal report on behalf of a corporation, partnership, firm, or group practice.
1989 c 341 art 1 s 18; 1991 c 97 s 11
(a) The commissioner must determine that a licensed real estate appraiser has met the continuing education requirements of this chapter before the commissioner renews a license. This determination must be based on, for a resident appraiser, course completion records uploaded electronically in a manner prescribed by the commissioner and, for a nonresident appraiser, course completion records presented by electronic transmission or uploaded electronically in a manner prescribed by the commissioner.
Subd. 1a.Deferral.
A license as a real estate appraiser that has been suspended for less than two years as a result of disciplinary action by the commissioner may not be reinstated unless the applicant presents evidence of completion of the continuing education required by this chapter. This requirement may not be imposed upon an applicant for reinstatement who has been required to successfully complete the current experience, education, and examination requirements for real estate appraiser licensure as a condition to reinstatement of a license.
1989 c 341 art 1 s 19; 1991 c 97 s 12; 1992 c 363 art 1 s 5; 1993 c 309 s 27; 1994 c 632 art 4 s 42; 1996 c 439 art 3 s 11; 1997 c 222 s 41; 2002 c 387 s 10; 2005 c 100 s 17; 2009 c 63 s 73,74; 2014 c 198 art 1 s 7-9
In addition to the requirements of the standards of professional appraisal practice as defined by section 82B.021, subdivision 26, an appraiser must, prior to performing any appraisal service which requires licensing pursuant to this chapter, disclose in writing to the person contracting for the appraisal service the information identified in clause (4). In addition, an appraiser must prepare a written disclosure providing the information identified in clauses (1) to (13). The written disclosure must be included as part of the final written appraisal report. As specified in this subdivision, an appraiser must:
(11) disclose all pertinent assumptions upon which a valuation based upon income from the property is derived such as expected occupancy rates, rental rates, construction of future improvements, roads, or highways; and
(12) disclose any other fact or circumstance that could bring the reliability of the appraisal or the impartiality of the appraiser into question.
2009 c 63 s 75; 2012 c 187 art 1 s 14; 2019 c 59 s 5; 1Sp2019 c 7 art 10 s 11
A person is guilty of a gross misdemeanor and may be sentenced to imprisonment for not more than one year or to payment of a fine of not more than $3,000, or both, if the person:
(1) violates section 82B.20, subdivision 2, clause (4);
(2) performs unlicensed activities, if a license is required under this chapter; or
(3) violates any order issued by the commissioner related to conduct prohibited by clause (1).
1999 c 137 s 5; 1999 c 209 s 1; 1999 c 223 art 2 s 15,80
A client or employer may retain or employ a licensed real estate appraiser to act as a disinterested third party in giving an unbiased estimate of value or analysis; to provide a market analysis to facilitate the client's or employer's objectives. The appraisal and the appraisal report must comply with the provisions of this chapter and the uniform standards of professional appraisal practice.
1989 c 341 art 1 s 21; 2002 c 387 s 11; 1Sp2019 c 7 art 10 s 12
A licensed real estate appraiser may not accept a commission for an appraisal assignment that is contingent upon the appraiser reporting a predetermined estimate, analysis, or opinion, or is contingent upon the opinion, conclusion, or valuation reached, or upon the consequences resulting from the appraisal assignment.
A licensed real estate appraiser who enters into an agreement to perform a market analysis may be paid a fixed fee or a fee that is contingent on the results achieved by the specialized services.
If a licensed real estate appraiser enters into an agreement to perform a market analysis for a contingent fee, this fact must be clearly stated in each written and oral report. In each written report, this fact must be clearly stated in a prominent location in the report and also in each letter of transmittal and in the licensing statement made by the appraiser in the report.
1989 c 341 art 1 s 22
Subd. 2.Publication of federal certification criteria.
The commissioner shall file the federal certification criteria with the revisor of statutes for publication in Minnesota Rules. The revisor has the same editorial power over these criteria as the revisor has for rules adopted pursuant to chapter 14.
1991 c 97 s 14; 2008 c 344 s 53
2007 c 74 s 6; 2017 c 37 s 5