Starting August 1, 2026, Minnesota's licensing commissioner may consider the Appraisal Foundation's current penalty matrix when disciplining real estate appraisers.
When setting a real estate appraiser's penalty, the commissioner may use the Appraisal Foundation's current disciplinary matrix as guidance, but does not have to follow it.
The commissioner may use the Appraisal Foundation's current disciplinary matrix as guidance when setting an appraiser's penalty. This applies to disciplinary sanctions for real estate appraisers in Minnesota. The matrix is nonbinding, so the commissioner does not have to follow its recommendations. The commissioner may set a different penalty based on the specific facts of the case. The status data lists August 1, 2026, as the effective date; the supplied bill text does not state a separate timing rule.
No hearings or votes scheduled.