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S.F. No. 2991 - Appraisal Advisory Board - The Second Engrossment
Author: Senator Bill Weber
Prepared By: Christopher B. Stang, Senate Counsel (651/296-0539)
Date: April 19, 2018


Section 1 references where open meeting requirements for meetings of the board established by this bill are codified.

Section 2, subdivision 1 creates the Real Estate Appraisal Advisory Board, having seven members appointed by the commissioner of commerce and the commissioner. Requirements for membership are specified.

Subdivision 2 provides that the terms, compensation, and removal of members is governed by section 15.059. Members are limited to two consecutive terms.

Subdivision 3 establishes a majority of the board as a quorum. If the board has a vacancy, a majority of remaining members is a quorum.

Subdivision 4 requires the board to meet quarterly and meetings may be convened by the chair or three members on ten days’ notice.

Subdivision 5 provides that meetings of the board are subject to the open meeting law.

Subdivision 6 requires the board to elect officers. The chair presides over meetings and coordinates with the commissioner on the agenda.

Subdivision 7 requires the commissioner to report on a quarterly basis a list of (i) appraisal courses denied credit; and (ii) public disciplinary actions taken against an appraiser.

Subdivision 8 establishes duties of the board.

Subdivision 9 expires the board on January 1, 2030.

Section 3 sets deadlines for the commissioner to appoint members and to convene the first meeting of the board.

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