Minnesota Statutes 82B.11 – Classes of License
Subdivision 1.Generally.
There are five classes of license for real estate appraisers.
Subd. 2.
Terms Used In Minnesota Statutes 82B.11
- Appraisal: A determination of property value.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 82B.11
- Appraisal: A determination of property value.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15]
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 $400,000.
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.