Important: MN Appraisal License Surcharge Update

On June 20, the Minnesota Department of Commerce (MN DOC) announced an update to the Technology Surcharge paid on initial and renewal license applications.  Effective July 1, 2018 the surcharge will be increased to $30 "in order to cover ongoing transaction costs as well as future system updates and enhancements," according to the MN DOC.

Following is additional background on the surchage, per the MN DOC: 

  • Prior to 2007, licensees were charged per-transaction fees each time they used the state’s electronic licensing system to individually print a license, request a letter of certification, and make an address or name change, among others.
  • In 2007, the Technology Surcharge paid on initial and renewal license applications through the electronic licensing system PULSE was established to pay for all system transactions at contractually-negotiated rates as well as to cover costs associated with making upgrades to the electronic licensing system.
  • The Technology Surcharge is paid by insurance adjusters, insurance producers, public adjusters, real estate brokers, real estate salespersons and real estate appraiser licensees.

The surcharge is an increase from the previous fee of $10.  If you are not happy with the increase, we invite you to contact your legislator.  You may find your local representatives here.

Please reach out to me if you have any questions at bmappraisals@isd.net.

Sincerely,

Byron Miller
Chair, Government Relations Committee
North Star Chapter of the Appraisal Institute