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SPS 85.230 SPS 85.230Reciprocal licensure and certification.
SPS 85.230(1)(1)Except as provided under sub. (2m), an individual applying for licensure or certification as an appraiser on the basis of a license or certification in another state or territory of the United States shall do all of the following:
SPS 85.230(1)(a) (a) Submit an application on a form provided by the department.
SPS 85.230(1)(b) (b) Pay the fee specified in s. 440.05 (2), Stats.
SPS 85.230(1)(c) (c) Submit evidence satisfactory to the department that the applicant meets all of the following requirements:
SPS 85.230(1)(c)1. 1. The applicant holds a current appraiser license or certification in another state or territory of the United States, which is not currently limited, suspended, or revoked and that was granted in accordance with the requirements of FIRREA.
SPS 85.230(1)(c)2. 2. The applicant has successfully completed the examination under s. SPS 85.600 on statutes and rules of this state governing appraisers.
SPS 85.230(1)(d) (d) Subject to ss. 111.321, 111.322, and 111.335, Stats., provide a statement relating to any pending criminal charge or conviction record. An applicant who has a pending criminal charge or a conviction record shall provide the department with all related information necessary for the department to determine whether the circumstances of the pending charge or conviction substantially relate to the practice of appraisal.
SPS 85.230(2) (2)In determining whether to grant a reciprocal license or certification under sub. (1), the department shall consider whether the current requirements for a license or certification in the other state or territory meet or exceed the requirements for licensure or certification as an appraiser in this state.
SPS 85.230(2m) (2m)As provided under s. 440.09, Stats., the department shall grant a reciprocal license or certification as an appraiser to an individual who the department determines meets all of the following requirements:
SPS 85.230(2m)(a) (a) The individual applies for a reciprocal license or certification under this subsection on a form prescribed by the department.
SPS 85.230(2m)(b) (b) The individual is a service member, a former service member, or the spouse of a service member or former service member and resides in this state.
SPS 85.230(2m)(c) (c) The individual holds a license, certification, registration, or permit that was granted by a governmental authority in a jurisdiction outside this state that qualifies the individual to perform appraisals conducted in connection with federally related transactions.
SPS 85.230(2m)(d) (d) The individual pays the fee specified under s. 440.05 (2), Stats.
SPS 85.230(2m)(e) (e) The individual is in good standing with the governmental authorities in every jurisdiction outside this state that have granted the individual a license, certification, registration, or permit that qualifies the individual to perform appraisals conducted in connection with federally related transactions. An individual does not meet the requirement under this paragraph if, during the 5-year period immediately preceding the date of application under par. (a), the individual has been convicted of, or plead guilty or nolo contendere to, a felony substantially related to the practice of real estate appraisal. A felony substantially related to the practice of real estate appraisal does not include a felony involving an act other than fraud, dishonesty, breach of trust, or money laundering.
SPS 85.230(3) (3)Subject to s. 440.09 (2m), Stats., the department may request additional information to determine if an applicant is qualified for reciprocal licensure or certification. Failure by an applicant to comply with a request for additional information within 120 days from the date of the request shall void the application and require the applicant to reapply for reciprocal licensure or registration.
SPS 85.230(4) (4)The department shall provide an applicant with a disability reasonable accommodations for completing an application.
SPS 85.230 Note Note: Applications for reciprocal licensure and certification may be obtained from the department of safety and professional services at (608) 266-2112 or from the department's website at http://dsps.wi.gov.
SPS 85.230 History History: Cr. Register, January, 1999, No. 517, eff. 2-1-99; CR 06-033: am. (1) (c) (intro.) and 1. Register November 2006 No. 611, eff. 12-1-06; CR 10-135: cr. (1) (c) 4. Register August 2011 No. 668, eff. 9-1-11; correction in (1) (c) 2., 4. made under s. 13.92 (4) (b) 7., Stats., Register November 2011 No. 671; EmR1307: emerg. r. (1) (c) 3., 4., am. (2), eff. 6-18-13; CR 13-053: r. (1) (c) 3., 4., am. (2) Register February 2014 No. 698, eff. 3-1-14; CR 14-016: SPS 85.230 renum. from SPS 81.04, am. (1) (c) 2., cr. (1) (c) 3. Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. (1) (c) (intro.), 1., 2., renum. (1) (c) 3. to (1) (d) and am., cr. (3), (4) Register December 2019 No. 768, eff. 1-1-20; correction in (1) (c) 3. made under s. 35.17, Stats., Register December 2019 No. 768; CR 20-086: am. (1) (intro.), (2), cr. (2m), am. (3) Register August 2021 No. 788, eff. 9-1-21.
SPS 85.240 SPS 85.240Background checks.
SPS 85.240(1)(1)Except for candidates for a reciprocal credential under s. SPS 85.230 (2m), all candidates for licensed or certified appraiser credentials shall undergo background screening in accordance with s. 440.03 (13) (c), Stats. The board may not issue a licensed or certified appraiser credential if any of the following applies:
SPS 85.240(1)(a) (a) The applicant has had an appraiser license or certification revoked, or surrendered for cause, in any governmental jurisdiction within the 5-year period immediately preceding the date of application.
SPS 85.240(1)(b) (b) The applicant has been convicted of, or plead guilty or nolo contendere to, a felony substantially related to the practice of real estate appraisal. This paragraph does not apply if the felony involved an act other than fraud, dishonesty, breach of trust, or money laundering and the conviction or plea occurred before the 5-year period immediately preceding the date of application.
SPS 85.240(1)(c) (c) The applicant has failed to demonstrate character and general fitness such as to command the confidence of the community and to warrant a determination that the appraiser will operate honestly and fairly.
SPS 85.240(2) (2)Subject to ss. 111.321, 111.322, and 111.335, Stats., an applicant who has a pending criminal charge or has a conviction record shall provide the department with all related information necessary for the department to determine whether the circumstances of the pending charge or conviction substantially relate to the practice of real estate appraisal.
SPS 85.240 History History: CR 14-016: cr. Register September 2014 No. 705, eff. 1-1-5; CR 18-104: am. (1) (a), (b) Register December 2019 No. 768, eff. 1-1-20; CR 20-086: am. (1) (intro.) Register August 2021 No. 788, eff. 9-1-21.
subch. III of ch. SPS 85 Subchapter III — Certified General Appraiser
SPS 85.300 SPS 85.300Certified general appraiser. A certified general appraiser may conduct appraisals of 1-to-4 family residential real estate and commercial real estate without regard to transaction value.
SPS 85.300 History History: CR 14-016: renum. from SPS 81.05 (1) Register September 2014 No. 705, eff. 1-1-15.
SPS 85.310 SPS 85.310Proof of experience. An applicant seeking certification as a general appraiser shall submit evidence satisfactory to the department that the applicant has at least 3,000 hours of appraisal experience obtained over a period of not less than 18 months.
SPS 85.310 History History: CR 14-016: renum. from SPS 83.01 (title), (1), am. (title) Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. Register December 2019 No. 768, eff. 1-1-20.
SPS 85.320 SPS 85.320Core curriculum and educational requirements.
SPS 85.320(1)(1)An individual who applies for certification as a certified general appraiser shall submit evidence satisfactory to the department that the individual has successfully completed all of the following:
SPS 85.320(1)(a) (a) The required 300 class hour core curriculum established by the AQB. The required curriculum consists of all of the following subject areas and corresponding class hours:
SPS 85.320(1)(a)1. 1. Basic appraisal principles — 30 hours.
SPS 85.320(1)(a)2. 2. Basic appraisal procedures — 30 hours.
SPS 85.320(1)(a)3. 3. The 15-Hour National USPAP Course or its AQB-approved equivalent — 15 hours.
SPS 85.320(1)(a)4. 4. General appraisal market analysis and highest and best use — 30 hours.
SPS 85.320(1)(a)5. 5. Statistics, modeling and finance — 15 hours.
SPS 85.320(1)(a)6. 6. General appraiser sales comparison approach — 30 hours.
SPS 85.320(1)(a)7. 7. General appraisal site valuation and cost approach — 30 hours.
SPS 85.320(1)(a)8. 8. General appraiser income approach — 60 hours.
SPS 85.320(1)(a)9. 9. General appraiser report writing and case studies — 30 hours.
SPS 85.320(1)(a)10. 10. Appraisal subject matter electives that may include the minimum required in the subject areas described in subds. 1. to 9. — 30 hours.
SPS 85.320(1)(b) (b) A bachelor's degree or higher, in any field of study, from an accredited, degree-granting college or university.
SPS 85.320(2) (2)A licensed appraiser who applies for a certified general appraiser credential shall complete all of the following 150 hour course work, which is identified in the core curriculum under sub. (1) (a), and the college-level educational requirements under sub. (1) (b):
SPS 85.320(2)(a) (a) General appraiser market analysis and highest and best use — 15 hours.
SPS 85.320(2)(b) (b) Statistics, modeling and finance — 15 hours.
SPS 85.320(2)(c) (c) General appraiser sales comparison approach — 15 hours.
SPS 85.320(2)(d) (d) General appraiser site valuation and cost approach — 15 hours.
SPS 85.320(2)(e) (e) General appraiser income approach — 45 hours.
SPS 85.320(2)(f) (f) General appraiser report writing and case studies — 15 hours.
SPS 85.320(2)(g) (g) Appraisal subject matter electives as provided in par. (a) — 30 hours.
SPS 85.320(3) (3)A certified residential appraiser who applies for a certified general appraiser credential shall complete all of the following 100 hour course work, which is identified in the core curriculum under sub. (1) (a), and the college-level educational requirements under sub. (1) (b):
SPS 85.320(3)(a) (a) General appraiser market analysis and highest and best use — 15 hours.
SPS 85.320(3)(b) (b) General appraiser sales comparison approach — 15 hours.
SPS 85.320(3)(c) (c) General appraiser site valuation and cost approach — 15 hours.
SPS 85.320(3)(d) (d) General appraiser income approach — 45 hours.
SPS 85.320(3)(e) (e) General appraiser report writing and case studies — 10 hours.
SPS 85.320 History History: Cr. Register, September, 1991, No. 429, eff. 10-1-91; emerg. am. (1), (2) and (3) (intro.), eff. 10-1-91; am. (1), (2) (intro.) and (3) (intro.), Register, May, 1992, No. 437, eff. 6-1-92; am. (2) (a), (3) (intro.), Register, June, 1996, No. 486, eff. 7-1-96; am. (1), (2) (intro.), (3) (a), (b), (c) 1., to 4. c., and (d) to (q), Register, January, 1998, No. 505, eff. 2-1-98; CR 01-100: am. (2) (a), Register February 2002 No. 554, eff. 3-1-02; CR 02-067: am. (1), (2) (intro.) and (a) Register November 2002 No. 563, eff. 12-1-02; CR 06-033: renum. from s. RL 84.03 and am. Register November 2006 No. 611, eff. 12-1-06; CR 10-135: r. and recr. Register August 2011 No. 668, eff. 9-1-11; CR 14-016: SPS 85.320 renum. from SPS 84.04; as renumbered, renum. (1) (b) (intro.) to (b) and am., r. (1) (b) 1. to 9. Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. (title), (1) (intro.), (a) (intro.), 3., (b) Register December 2019 No. 768, eff. 1-1-20.
SPS 85.330 SPS 85.330Prerequisite for examination. In order to obtain a certified general appraiser credential, an applicant shall complete the AQB-approved certified general real property appraiser examination. The prerequisite for taking the AQB-approved examination is completion of all of the following:
SPS 85.330(1) (1) Three hundred creditable class hours as specified in the course requirements found in s. SPS 85.320 (1) (a). As part of the 300 required hours, the applicant shall complete the 15-Hour National USPAP Course or its AQB-approved equivalent, and the corresponding examination.
SPS 85.330(2) (2)Completion of a bachelor's degree or higher from an accredited college or university.
SPS 85.330(3) (3)Three thousand hours of qualifying experience obtained in no fewer than 18 months, a minimum of 1,500 hours of which shall be obtained in non-residential appraisal work. While the hours may be cumulative, the required number of months shall accrue before an individual may be certified.
SPS 85.330 History History: CR 14-016: cr. Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. (intro.), (1), (3) Register December 2019 No. 768, eff. 1-1-20.
subch. IV of ch. SPS 85 Subchapter IV — Certified Residential Appraiser
SPS 85.400 SPS 85.400Certified residential appraiser. A certified residential appraiser may conduct appraisals of 1-to-4 family residential real estate without regard to transaction value and commercial real estate having a transaction value of not more than $500,000.
SPS 85.400 History History: CR 14-016: renum. from SPS 81.05 (2) Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. Register December 2019 No. 768, eff. 1-1-20.
SPS 85.410 SPS 85.410Proof of experience. An applicant seeking certification as a residential appraiser shall submit evidence satisfactory to the department that the applicant has at least 1,500 hours of appraisal experience obtained over a period of not less than 12 months.
SPS 85.410 History History: CR 14-016: renum. from SPS 83.01 (1a), cr. (title) Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. Register December 2019 No. 768, eff. 1-1-20.
SPS 85.420 SPS 85.420Core curriculum and educational requirements.
SPS 85.420(1)(1)An individual who applies for certification as a certified residential appraiser shall submit evidence satisfactory to the department that the individual has successfully completed all of the following:
SPS 85.420(1)(a) (a) The required 200 class hour core curriculum established by the AQB. The required curriculum consists of all of the following subject areas and corresponding class hours:
SPS 85.420(1)(a)1. 1. Basic appraisal principles — 30 hours.
SPS 85.420(1)(a)2. 2. Basic appraisal procedures — 30 hours.
SPS 85.420(1)(a)3. 3. The 15-Hour National USPAP Course or its equivalent — 15 hours.
SPS 85.420(1)(a)4. 4. Residential market analysis and highest and best use — 15 hours.
SPS 85.420(1)(a)5. 5. Residential appraiser site valuation and cost approach — 15 hours.
SPS 85.420(1)(a)6. 6. Residential sales comparison and income approaches — 30 hours.
SPS 85.420(1)(a)7. 7. Residential report writing and case studies — 15 hours.
SPS 85.420(1)(a)8. 8. Statistics, modeling and finance — 15 hours.
SPS 85.420(1)(a)9. 9. Advanced residential applications and case studies — 15 hours.
SPS 85.420(1)(a)10. 10. Appraisal subject matter electives that may include hours over the minimum required in the subject areas described in subds. 1. to 9. — 20 hours.
SPS 85.420(1)(b) (b) College-level education meeting the requirements under s. SPS 85.425.
SPS 85.420(2) (2)A licensed appraiser who applies for a certified residential appraiser credential shall complete all of the class hours under sub. (1) (a) 8. to 10. and college-level education meeting the requirements under s. SPS 85.425.
SPS 85.420 History History: Cr. Register, September, 1991, No. 429, eff. 10-1-91; emerg. am. (1), (2) and (3) (intro.), eff. 10-1-91; am. (1) to (3) (intro.), Register, May, 1992, No. 437, eff. 6-1-92; am. (1) and (2), Register, April, 1994, No. 460, eff. 5-1-94; am. (1), (3) (intro.), Register, June, 1996, No. 486, eff. 7-1-96; am. (2) and (3) (a) to (q), cr. (3) (r), Register, January, 1998, No. 505, eff. 2-1-98; CR 01-100: am. (2), Register February 2002 No. 554, eff. 3-1-02; CR 02-067: am. (1), renum. (2) to be (2) (intro.) and am., cr. (2) (a) and (b) Register November 2002 No. 563, eff. 12-1-02; CR 06-033: renum. from s. RL 84.02 and am. Register November 2006 No. 611, eff. 12-1-06; CR 10-135: r. and recr. Register August 2011 No. 668, eff. 9-1-11; CR 14-016: renum. SPS 85.420 from SPS 84.03; as renumbered, renum. (1) (b) (intro.) to (b) and am., r. (1) (b) 1. to 6. Register September 2014 No. 705, eff. 1-1-15; CR 18-104: am. (title), (1) (intro.), (a) (intro.), 3., (b), renum. (2) (intro.) to (2) and am., r. (2) (a) to (c) Register December 2019 No. 768, eff. 1-1-20.
SPS 85.425 SPS 85.425Qualifying college-level education.
SPS 85.425(1)(1)Except as provided under sub. (2), an applicant shall satisfy one of the following requirements:
SPS 85.425(1)(a) (a) A bachelor's degree or higher in any field of study from an accredited, degree-granting college or university.
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Published under s. 35.93, Stats. Updated on the first day of each month. Entire code is always current. The Register date on each page is the date the chapter was last published.