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MS 2018 [Repealed, 1Sp2019 c 7 art 10 s 15 ]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