Chapter SPS 85

SPS 85.910(2)(k) (k) Real estate financing and investment.

SPS 85.910(2)(L) (L) Real estate appraisal related computer applications.

SPS 85.910(2)(m) (m) Real estate securities and syndication.

SPS 85.910(2)(n) (n) Developing opinions of real property value in appraisals that also include personal property of business value.

SPS 85.910(2)(o) (o) Sell concessions and impact value.

SPS 85.910(2)(p) (p) Energy efficient items and “green building” appraisals.

SPS 85.910(3) (3) The course shall be available to all certified and licensed appraisers regardless of membership in any organization.

SPS 85.910(4) (4) The course shall be at least 2 hours in length.

SPS 85.910(5) (5) The course provider shall monitor attendance by requiring each participant to sign an attendance sheet at the beginning and end of each course and shall furnish each participant with written evidence of having completed the course.

SPS 85.910(6) (6) Course providers may repeat a previously approved course without reapplication, provided that the subject matter and instructor have not changed.

SPS 85.910(7) (7) 

SPS 85.910(7)(a) (a) Credit may be granted for a distance education course that satisfies all requirements for a continuing education course established by the AQB that are in effect at the time the course is offered.

SPS 85.910(7)(b) (b) A distance education course intended for use as continuing education shall include at least one of the following:

SPS 85.910(7)(b)1. 1. A written examination proctored by an official approved by the college or university, or by the sponsoring organization. Oral examinations are not acceptable.

SPS 85.910(7)(b)2. 2. Successful completion of prescribed course material required to demonstrate knowledge of the subject matter.

SPS 85.910 Note Note: Information concerning the course approval process established by the AQB is available at www.appraisalfoundation.org.

SPS 85.910(8) (8) Course instructors shall be approved by the department. An instructor whose appraiser certificate has been limited, suspended, or revoked may not instruct in approved courses while the disciplinary action is in effect. An approved instructor shall possess at least one of the following qualifications:

SPS 85.910(8)(a) (a) Be an instructor of appraisal courses who teaches or has taught appraisal courses at an accredited college or university.

SPS 85.910(8)(b) (b) Be a licensed or certified appraiser who practices in the aspects of appraising being taught such as, appraisal, appraisal review, appraisal consulting or mass appraisal, and who has engaged in the practice for at least 5 years.

SPS 85.910(8)(c) (c) Be an instructor of assessor education courses who is approved by the department of revenue to teach continuing assessor education programs that are relevant to appraisal practice.

SPS 85.910(8)(d) (d) Be an instructor who teaches appraisal courses approved by the AQB.

SPS 85.910 Note Note: Information concerning courses approved by the AQB is available at www.appraisalfoundation.org.

SPS 85.910(8)(e) (e) If applying to teach the 7-Hour National USPAP Update Course or its equivalent, be a certified residential or general appraiser, and be certified by the AQB as an instructor to teach that course.

SPS 85.910(8)(f) (f) Be an instructor who teaches an appraiser or assessor course approved by another state of the United States that is relevant to appraisal practice.

SPS 85.910(8)(g) (g) Be an instructor who, in the judgment of the department, is qualified to teach course work that is relevant to appraisal practice.

SPS 85.910(9) (9) The course provider shall retain records of attendance of qualifying education programs for a period of 5 years. The records shall include all of the following:

SPS 85.910(9)(a) (a) The name of the course.

SPS 85.910(9)(b) (b) The date the course was offered.

SPS 85.910(9)(c) (c) The names and addresses of individuals who completed the course.

SPS 85.910(9)(d) (d) The number of hours of instruction.

SPS 85.910(9)(e) (e) If administered, the examination results for each individual.

SPS 85.910(10) (10) An appraisal course approved by the AQB shall be approved by the department without receipt of an application for course approval from the course provider.

SPS 85.910(11) (11) An appraisal course approved by another state or territory of the United States, which complies with the real property appraiser qualification criteria established by the AQB, shall be approved by the department without receipt of an application for course approval from the other state or territory.

SPS 85.910(12) (12) Credit awarded for the classroom hour requirement when a licensed appraiser seeks a certified appraiser certification, or a certified residential appraiser seeks a certified general appraiser certification, may also be awarded for the continuing education requirement of the license or certification held.

SPS 85.910 Note Note: Information concerning courses approved by the AQB is available at www.appraisalfoundation.org.

SPS 85.910 History History: Cr. Register, September, 1991, No. 429, eff. 10-1-91; emerg. am. (2) and (3), eff. 10-1-91; am. (2) and (3), Register, May, 1992, No. 437, eff. 6-1-92; renum. (7) to be (10), cr. (7) to (9), Register, April, 1994, No. 460, eff. 5-1-94; am. (2), (8) (intro.), (9) (a), cr. (9) (c), Register, June, 1996, No. 486, eff. 7-1-96; am. (8) (intro.), (a), (b), (c) and (9) (a), Register, January, 1998, No. 505, eff. 2-1-98; am. (1) and (8) (intro.), cr. (9) (d) and (11), Register, January, 1999, No. 517, eff. 2-1-99, eff. 2-1-99; CR 01-100: am. (1) to (4) and (6), r. and recr. (5) and (7), r. (8), renum. (9) to (11) to be (8) to (10) and am. (9), cr. (11), Register February 2002 No. 554, eff. 3-1-02; CR 02-067: cr. (7) (d) and (8) (e) Register November 2002 No. 563, eff. 12-1-02; CR 06-033: am. (1), (6), (8) (b), (c) and (10), renum. (2) and (7) (intro.) to be (2) (intro.) and (7) and am., cr. (2) (a) to (m), r. (7) (a) to (d) and (11), r. and recr. (8) (e), Register November 2006 No. 611, eff. 12-1-06; CR 10-135: cr. (8) (f), (g), (11), (12) Register August 2011 No. 668, eff. 9-1-11; CR 14-016: SPS 85.910 renum. from SPS 85.02, cr. (2) (n) to (p), cr. (7) (a) Register September 2014 No. 705, eff. 1-1-15; correction in numbering of (7) made under s. 13.92, (4) (b) 1., Stats., Register September 2014 No. 705; CR 18-104: renum. (1) to (1) (a) (intro.) and am., cr. (1) (a) 1. to 4., (b), am. (2) (intro.), (c), (7) (a), (b) (intro.), (8) (intro.), (d), (e), (9) (intro.), (10), (11) Register December 2019 No. 768, eff. 1-1-20.