SF2813

Purpose of the Bill

This bill seeks to modify the requirements for continuing education credits for real estate appraisers in Minnesota, specifically regarding credits obtained from out-of-state educational programs.

Main Provisions

• Definitions:

  • It defines "synchronous educational offering" as a live or real-time educational process as described by the Appraiser Qualifications Board.
  • It notes that the provision is not applicable to "asynchronous educational offerings," which are not live.

• Credit Acceptance Requirements:

  • Appraisers or course providers can apply for Minnesota continuing education credits for synchronous courses that were not previously approved in the state.
  • To qualify, the educational offering must already be approved for continuing education credits by at least one regulatory authority in another state or U.S. territory.
  • Applications must be submitted by August 1 of the renewal year, and within 60 days of completing the course.

• Procedure:

  • Applicants must include a certificate of successful completion from the course provider.
  • The commissioner of real estate must award the same number of credits as approved by the other state's regulator within 60 days of receiving the completed application.
  • A fee may be charged by the commissioner for processing these applications.

Significant Changes

• The bill allows Minnesota real estate appraisers to gain credit for synchronous education offerings completed out-of-state, provided they meet the specified criteria.
• A specific timeline and documentation requirements are introduced for submitting applications for these credits.

Relevant Terms

• Real estate appraiser, continuing education credit, synchronous educational offering, asynchronous educational offering, Appraiser Qualifications Board, out-of-state education, certificate of completion, regulatory authority.