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HF2401 (Legislative Session 94 (2025-2026))

Real estate appraisers; out-of-state continuing education credit requirements modified.

Related bill: SF2813

AI Generated Summary

Purpose of the Bill

The bill proposes changes to the requirements for recognizing out-of-state continuing education credits for real estate appraisers. These changes aim to streamline the process for appraisers from other states or U.S. territories to have their educational courses recognized in Minnesota.

Main Provisions

  • Definitions: The bill defines "synchronous educational offering" as a live or real-time educational session where the instructor and student are not separated geographically. It does not apply to "asynchronous educational offering," which typically involves self-paced learning without real-time interaction.

  • Application Process: Real estate appraisers or course providers can apply for continuing education credit for synchronous courses without prior Minnesota approval, if certain conditions are met.

  • Timeframe and Requirements:

    • Applications must be filed by August 1 of the year when the appraiser's license is due for renewal.
    • The course must be approved for credit by a regulator in another state or U.S. territory.
    • Applications must be submitted within 30 to 60 days after completing the course.

  • Credit Granting: Upon successful application and completion, the commissioner must grant the appraiser the same number of credits awarded by the out-of-state regulatory authority, within 60 days of submission.

  • Fee: A fee may be charged for processing the application. This fee will be determined by the commissioner.

Significant Changes

  • The bill introduces a formal process for appraisers to gain credit for real-time educational offerings from other states without requiring prior approval in Minnesota.
  • It offers a more efficient pathway for appraisers to maintain their licenses by recognizing external synchronous courses, thus potentially expanding educational accessibility.

Relevant Terms

real estate appraisers, continuing education credit, synchronous educational offering, asynchronous educational offering, out-of-state credit recognition, real-time instruction, Minnesota real estate licensing.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 16, 2025HouseFloorActionIntroduction and first reading, referred toCommerce Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "Allows submission for credit approval post-completion if authorized by another state's regulator."
      ],
      "removed": [],
      "summary": "The bill bypasses standard approval protocols outlined in section 45.30 for certain real estate appraiser continuing education courses.",
      "modified": [
        "Changes the timeframe for submission of continuing education application."
      ]
    },
    "citation": "45.30",
    "subdivision": "subdivisions 1 and 6"
  }
]

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