Subdivision 1. Definition. For the purposes of this section, "valuation bias" means to explicitly, implicitly, or structurally select and apply data to an appraisal methodology or technique in a biased manner that harms a protected class, as defined by the Fair Housing Act of 1968, as amended.
Subd. 2. Education. Within two years of receiving a license under this chapter and as required by the Appraiser Qualifications Board, a real property appraiser shall provide to the commissioner evidence of satisfactory completion of a continuing education course on the valuation bias of real property.
History: 2021 c 16 s 10
NOTE: A real property appraiser who has received a license prior to September 1, 2021, must complete the course required by this section by August 31, 2023. Laws 2021, chapter 16, section 10, the effective date.