HF2401

Purpose of the Bill

The bill aims to modify the requirements for obtaining continuing education credits for real estate appraisers in Minnesota who have completed education courses out of state.

Main Provisions

• Definitions: The bill clarifies the definitions of "synchronous" and "asynchronous" educational offerings as per the Real Property Appraiser Qualification Criteria.

• Application for Credit:

  • It allows real estate appraisers or course providers to apply for continuing education credits for synchronous courses not previously approved in Minnesota.
  • This application must be submitted by August 1 of the license renewal year.
  • The courses must have been approved by the regulatory authority in at least one other US state or territory.
  • Applications must be submitted within 30 to 60 days of course completion.

• Credit Approval:

  • Upon successful application, the commissioner will grant the same number of continuing education credits as other states grant for the same course.
  • Credits will be awarded within 60 days of the application submission.

• Fees: The commissioner may impose a fee on applicants for processing education credit applications.

Significant Changes to Existing Law

• Updates the process for how out-of-state continuing education credits can be recognized in Minnesota.
• Specifically focuses on synchronous learning courses, excluding asynchronous types from this process.

Relevant Terms

• Real estate appraiser
• Continuing education credits
• Synchronous educational offerings
• Asynchronous educational offerings
• Real Property Appraiser Qualification Criteria
• Out-of-state courses
• License renewal