|Senate Counsel & Research||State of Minnesota|
|S.F. No. 1815 - Commerce Department Licensee Requirements (SCS1815A-1 delete-everything amendment)|
|Author:||Senator Cal Larson|
|Prepared by:||Matthew S. Grosser, Senate Research (651/296-1890)|
|Date:||April 18, 2005|
Section 1 [Application Fees] limits refunds of application fees to overpayment of fees, which includes
payments for licenses for which the applicant does not qualify. Refunds are to be granted only within
six months of the overpayment. This section deems an application that is incomplete to be withdrawn
if an applicant does not submit a complete application within six months of the date an application was
received. Specifies that fees for withdrawn applications are nonrefundable.
Section 2 [License Education] requires that each license education course receive prior approval from the Commissioner of Commerce, and that each sponsor offering a license education course have at least one coordinator approved by the Commissioner of Commerce. This section establishes expiration dates for coordinators and courses that have received department approval prior to this bill's enactment
Section 3 [Examination Not Required] adds an exemption to the examination requirements for producers of mobile telephone insurance.
Section 4 [Resident Insurance Producer] deletes a provision that allowed applicants who reside in border communities outside the state line to hold a resident license in this state.
Section 5 [Issuance] deletes a provision that allowed individual insurance producers to be licensed to offer any line of insurance permitted under state law or rules.
Section 6 [Change of Address] makes conforming changes.
Section 7 [Period of Application] eliminates a real estate broker licensing education requirement for individuals who fail to file an application for a broker's license within one year of obtaining an acceptable score on a real estate salesperson licensing examination.
Section 8 [Licensing: Continuing Education and Instruction] eliminates a requirement that at least 15 of the 30 credit hours required for a real estate salesperson's license be completed during the first 12 months of the 24-month licensing period.
Section 9 [USPAP] adds a definition of Uniform Standards of Professional Appraisal Practices (USPAP).
Section 10 [Appraiser Qualification Components] establishes three components for real property appraisers, education experience, and examination. Requires applicants to document that they have met the component criteria that were in effect at the time they completed the component.
Section 11 [Period for Application] extends the time in which an applicant for a real estate appraiser's license must file an application from one year after obtaining an acceptable score on an examination to two years.
Section 12 [Temporary Practice] establishes time limits to the terms of a temporary real estate appraiser's license.
Section 13 [Registered Real Property Appraiser or Licensed Real Property Appraiser] requires 90 hours of pre-license classroom courses and clarifies educational requirement from the USPAP.
Section 14 [Commissioner's Approval; Rules] permits distance education courses that meet Appraiser Qualification Board criteria.
Sections 15 [Certified Residential Real Property Appraiser] requires at least 120 hours pre-license courses, including the successful completion of the 15-hour national USPAP course.
Section 16 [Certified General Real Property Appraiser] requires at least 180 hours pre-license courses, including the successful completion of the 15-hour national USPAP course.
Section 17 [Experience Requirement] adds time limits for obtaining the experience requirements of a real estate appraiser's license.
Section 18 [License Renewals] amends the real estate appraiser's license renewal education requirements such that courses must be at least two hours and the USPAP seven-hour national course be taken every two years. Permits credit hours required to be met through distance learning that meet Appraiser Qualification Board criteria.
Section 19 [Repealer] repeals provisions in statute and rules relating to experience requirements for a real estate appraiser's license.
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Last review or update: 04/18/2005
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