An Appraisal Management Company (AMC) license expires annually on August 31. Application for renewal of a license is considered timely filed if received by the Department of Commerce before the date of the license expiration. An AMC failing to make timely application for renewal of the license is unlicensed until the renewal license has been issued by the commissioner and is received by the licensee.
An application for renewal is considered properly filed if it is made upon the AMC License Renewal Form, contains the required information, and includes the required fee (see below).
Renewal applications can be submitted to the Minnesota Department of Commerce beginning July 1 of the applicable year.
Licenses timely and properly renewed are valid for a period of 12 months (that is, until August 31 of the applicable year).
Only the requested information having changed from the most recent prior application must be submitted. In other words, complete only those sections of the form that ask for information that has changed since you submitted your previous application. If none of the information from your most recent prior application has changed, complete only the first page of the application and the Affidavit of Official Signing Application and submit them with the required fee.
The $2,650 non-refundable fee for license renewal, in the form of a check made payable to "Minnesota Department of Commerce," must accompany the application. In accordance with Minn. Stat. §16E.22, this fee includes a $150 OET surcharge, which is being collected on behalf of the Minnesota Office of Enterprise Technology to fund a statewide electronic licensing system.
Mail or deliver the completed, signed application, together with the fee and any supporting documents to the Department of Commerce, Licensing Division, 85 - 7th Place East, Suite 500, St. Paul, Minnesota 55101-2198. Should there be any questions, please contact the Licensing Division at (651) 296-6319 or firstname.lastname@example.org.