Section 82B.13 Education Prerequisites
82B.13 EDUCATION PREREQUISITES.
Subdivision 1.Trainee real property appraiser or licensed real property appraiser.
As a prerequisite for licensing as a trainee real property appraiser or licensed real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 90 classroom hours of prelicense courses. The courses must consist of 75 hours of general real estate appraisal principles and the 15-hour national USPAP course.
(a) After January 1, 2008, a trainee real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 75 hours of prelicense courses approved by the commissioner.
(b) After January 1, 2008, a licensed real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 150 hours of prelicense courses approved by the commissioner.
Subd. 2.
[Repealed, 1991 c 97 s 17]
Subd. 3.Commissioner's approval; rules.
The courses and instruction and procedures of courses must be approved by the commissioner. The commissioner may adopt rules to administer this section. These rules must, to the extent practicable, conform to the rules adopted for real estate and insurance education. The credit hours required under this section may be credited to a person for distance education courses that meet Appraiser Qualifications Board criteria.
Subd. 4.Certified residential real property appraiser.
As a prerequisite for licensing as a certified residential real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 120 classroom hours of prelicense courses, with particular emphasis on the appraisal of one to four unit residential properties. Fifteen of the 120 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified residential real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 200 hours of prelicense courses approved by the commissioner; and
(2) an associate degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 21 semester credit hours from an accredited college or university covering the following subject matter courses: English composition; principles of economics (micro or macro); finance; algebra, geometry, or higher mathematics; statistics; computer science; and business or real estate law. If an applicant has completed education requirements before January 1, 2008, no college degree is required.
Subd. 5.Certified general real property appraiser.
As a prerequisite for licensing as a certified general real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 180 classroom hours of prelicense courses, with particular emphasis on the appraisal of nonresidential properties. Fifteen of the 180 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified general real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 300 hours of prelicense courses approved by the commissioner; and
(2) a bachelor's degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 30 semester credit hours from an accredited college or university covering the following subject matters courses: English composition; micro economics; macro economics; finance; algebra, geometry, or higher mathematics; statistics; computer science; business or real estate law; and two elective courses in accounting, geography, ag-economics, business management, or real estate. If an applicant has complete education requirements before January 1, 2008, no college degree is required.
Subd. 6.All appraiser license levels.
To receive approval from the commissioner, an appraiser prelicense education course must be at least 15 hours long. The required course hours for all appraiser license levels include completion of the 15-hour national USPAP course and specific core curriculum courses and hours in accordance with the real property appraiser qualification criteria as defined by the Appraisal Qualifications Board:
| Trainee | |
| Basic appraisal principles | 30 hours |
| Basic appraisal procedures | 30 hours |
| The 15-hour national USPAP course or its equivalent | 15 hours |
| Trainee level total education requirements | 75 hours |
| Licensed | |
| Basic appraisal principles | 30 hours |
| Basic appraisal procedures | 30 hours |
| The 15-hour national USPAP course or its equivalent | 15 hours |
| Residential market analysis and highest and best use | 15 hours |
| Residential appraiser site valuation and cost approach | 15 hours |
| Residential sales comparison and income approaches | 30 hours |
| Residential report writing and case studies | 15 hours |
| Licensed level total education requirements | 150 hours |
| Certified residential | |
| Basic appraisal principles | 30 hours |
| Basic appraisal procedures | 30 hours |
| The 15-hour national USPAP course or its equivalent | 15 hours |
| Residential market analysis and highest and best use | 15 hours |
| Residential appraiser site valuation and cost approach | 15 hours |
| Residential sales comparison and income approaches | 30 hours |
| Residential report writing and case studies | 15 hours |
| Statistics, modeling, and finance | 15 hours |
| Advanced residential applications and case studies | 15 hours |
| Appraisal subject matter electives | 20 hours |
| (May include hours over minimum shown above in other modules) | |
| Certified residential level total education requirements | 200 hours |
| Certified general | |
| Basic appraisal principles | 30 hours |
| Basic appraisal procedures | 30 hours |
| The 15-hour national USPAP course or its equivalent | 15 hours |
| General appraiser market analysis and highest and best use | 30 hours |
| Statistics, modeling, and finance | 15 hours |
| General appraiser sales comparison approach | 30 hours |
| General appraiser site valuation and cost approach | 30 hours |
| General appraiser income approach | 60 hours |
| General appraiser report writing and case studies | 30 hours |
| Appraisal subject matter electives | 30 hours |
| (May include hours over minimum shown above in other modules) | |
| Certified general level total education requirements | 300 hours |
Subd. 7.Student tracking manual.
It is the responsibility of students to record the qualifying education they have completed in a student tracking manual broken down by required core curriculum modules and subtopics, and to maintain an orderly record of education, experience, and other requirements.
History:
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