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2021-2022 Regular Session

Law alters appraiser requirements

A new law, effective Sept. 1, 2022, will impact real estate appraisers, including continuing education requirements.

In some cases, appraisers can receive continuing education credit for a class that wasn’t pre-approved in Minnesota. The appraiser must apply for the credit, and the class must be approved in at least one other state.

Additionally, the law allows appraisers to provide a minimum damage acquisition report for eminent domain procedures under $25,000, and they are not engaged in a fully regulated real estate appraisal activity when doing do.

Another provision says appraisers licensed after Sept. 1, 2021, must complete a course on valuation bias before their first license renewal.

Rep. Tim O’Driscoll (R-Sartell) and Sen. Bill Weber (R-Luverne) are the sponsors.

HF3784/SF3503*/CH87


New Laws 2021

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SF3503* / HF3784 / CH87
House Chief Author: O'Driscoll
Senate Chief Author: Weber
Effective Dates: See chapter summary in the file link above.
* The legislative bill marked with an asterisk denotes the file submitted to the governor.