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 85.300SPS 85.300 Certified 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 HistoryHistory: CR 14-016: renum. from SPS 81.05 (1) Register September 2014 No. 705, eff. 1-1-15. SPS 85.310SPS 85.310 Proof 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 HistoryHistory: 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 85.320SPS 85.320 Core 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)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)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)(d)(d) General appraiser site valuation and cost approach — 15 hours. SPS 85.320(2)(f)(f) General appraiser report writing and case studies — 15 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)(c)(c) General appraiser site valuation and cost approach — 15 hours. SPS 85.320(3)(e)(e) General appraiser report writing and case studies — 10 hours. SPS 85.320 HistoryHistory: 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 85.330SPS 85.330 Prerequisite 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 HistoryHistory: 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. SPS 85.400SPS 85.400 Certified 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 HistoryHistory: 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 85.410SPS 85.410 Proof 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 HistoryHistory: 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 85.420SPS 85.420 Core 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)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(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 HistoryHistory: 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 85.425SPS 85.425 Qualifying 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. SPS 85.425(1)(b)(b) An associate’s degree from an accredited, degree-granting college or university in a field of study related to one of the following: SPS 85.425(1)(c)(c) Successful completion of 30 semester hours of college-level courses from an accredited, degree-granting college or university. The 30 semester hours shall include all of the following: SPS 85.425(1)(c)9.9. Two elective courses of 3 semester hours each. Each course shall be in the subject area of accounting, geography, agricultural economics, business management, real estate, or one of the subject areas under subds. 1. to 8. SPS 85.425(1)(d)(d) Successful completion of all of the following CLEP examinations:
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administrativecode
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Department of Safety and Professional Services (SPS)
Chs. SPS 1-299; Professional Services
administrativecode/SPS 85.320(2)(d)
administrativecode/SPS 85.320(2)(d)
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