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:
SPS 85.425(1)(e)
(e) Successful completion of any combination of the college-level courses and examinations under pars.
(c) and
(d) that is equivalent to at least 30 semester hours and applicable to all of the subject matter under par.
(c). For purposes of this paragraph, all of the following shall apply:
SPS 85.425(1)(e)1.
1. The examination under par.
(d) 1. is equivalent to 3 semester hours and applicable to algebra, geometry, statistics, or higher mathematics.
SPS 85.425(1)(e)2.
2. The examination under par.
(d) 2. is equivalent to 6 semester hours and applicable to English composition.
SPS 85.425(1)(e)3.
3. The examination under par.
(d) 3. is equivalent to 3 semester hours and applicable to English composition.
SPS 85.425(1)(e)4.
4. The examination under par.
(d) 4. is equivalent to 6 semester hours and applicable to algebra, geometry, statistics, or higher mathematics.
SPS 85.425(1)(e)5.
5. The examination under par.
(d) 5. is equivalent to 3 semester hours and applicable to macroeconomics or finance.
SPS 85.425(1)(e)6.
6. The examination under par.
(d) 6. is equivalent to 3 semester hours and applicable to microeconomics or finance.
SPS 85.425(1)(e)7.
7. The examination under par.
(d) 7. is equivalent to 3 semester hours and applicable to business law or real estate law.
SPS 85.425(1)(e)8.
8. The examination under par.
(d) 8. is equivalent to 3 semester hours and applicable to computer science.
SPS 85.425(2)
(2) The department shall consider an applicant to meet the requirements under sub.
(1) if, during the 5 years immediately preceding the date of application, the applicant has been a licensed appraiser and has not been subject to any adverse, final, and non-appealable disciplinary action affecting eligibility to engage in appraisal practice.
SPS 85.425 History
History: CR 18-104: cr.
Register December 2019 No. 768, eff. 1-1-20.
SPS 85.430
SPS 85.430 Prerequisite for examination. SPS 85.430(1)(1)
An applicant for a certified residential appraiser credential shall successfully complete the AQB-approved certified residential real property appraiser examination. The prerequisite for taking the AQB-approved examination is completion of all of the following:
SPS 85.430(1)(a)
(a) The 200 class hours under s.
SPS 85.420 (1) (a). As part of the 200 required hours, applicants shall successfully complete the 15-Hour National USPAP Course or its AQB-approved equivalent, and the corresponding examination.
SPS 85.430(1)(c)
(c) One thousand five hundred hours of qualifying experience obtained in no fewer than 12 months. While the hours may be cumulative, the required number of months shall accrue before an individual may be certified.
SPS 85.430(2)
(2) The only alternative to successful completion of the certified residential examination is the successful completion of the certified general examination.
SPS 85.500
SPS 85.500 Licensed appraiser. A licensed appraiser may conduct appraisals of complex 1-to-4 family residential property having a transaction value of not more than $400,000, non-complex 1-to-4 family residential property having a transaction value of not more than one million dollars, and commercial real estate having a transaction value of not more than $500,000.
SPS 85.500 Note
Note: Under federal law, a financial institution is responsible for making the final determination of whether an appraisal is complex. A financial institution may presume that appraisals of 1-to-4 family residential properties are not complex, unless the institution has readily available information that a given appraisal will be complex. If during the course of the appraisal a licensed appraiser identifies factors that would result in the property, form of ownership, or market conditions being considered atypical, the financial institution must either ask the licensed appraiser to complete the appraisal and have a certified appraiser approve and cosign the appraisal, or engage a certified appraiser to complete the appraisal. 12 CRF 225.63.
SPS 85.510
SPS 85.510 Proof of experience. An applicant seeking licensure as an appraiser shall submit evidence satisfactory to the department that the applicant has at least 1,000 hours of appraisal experience obtained over a period of not less than 6 months.
SPS 85.510 History
History: CR 14-016: renum. from SPS 83.01 (2), 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 85.520
SPS 85.520 Core curriculum requirements. An individual who applies for a license as an appraiser shall submit evidence satisfactory to the department that the individual has successfully completed the required 150 class hour core curriculum established by the AQB. The required curriculum consists of all of the following subject areas and corresponding class hours:
SPS 85.520(3)
(3) The 15-Hour National USPAP Course or its equivalent — 15 hours.
SPS 85.520(4)
(4) Residential market analysis and highest and best use — 15 hours.
SPS 85.520(5)
(5) Residential appraiser site valuation and cost approach — 15 hours.
SPS 85.520(6)
(6) Residential sales comparison and income approaches — 30 hours.
SPS 85.520(7)
(7) Residential report writing and case studies — 15 hours.
SPS 85.520 History
History: Cr.
Register, May, 1992, No. 437, eff. 6-1-92; am. (1),
Register, April, 1994, No. 460, eff. 5-1-94; am. (3) (intro.),
Register, June, 1996, No. 486, eff. 7-1-96;
am. (1), (2) and (3) (a) to (p), cr. (3) (r),
Register, January, 1998, No. 505, eff. 2-1-98;
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 84.04 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 85.520 renum. from SPS 84.02, cr. (8), (9)
Register September 2014 No. 705, eff. 1-1-15;
CR 18-104: am. (title), (intro.), (3), r. (8), (9)
Register December 2019 No. 768, eff. 1-1-20.
SPS 85.530
SPS 85.530 Prerequisite for examination. SPS 85.530(1)(1)
An applicant for a licensed appraiser credential shall successfully complete the AQB-approved licensed residential real property appraiser examination. The prerequisite for taking the AQB-approved examination is completion of all of the following:
SPS 85.530(1)(c)
(c) One thousand hours of qualifying experience in no fewer than 6 months.
SPS 85.530(2)
(2) The only alternative to successful completion of the licensed residential examination is the successful completion of the certified residential or certified general examinations.
SPS 85.530 History
History: CR 14-016: cr.
Register September 2014 No. 705, eff. 1-1-15;
CR 18-104: am. (1) (intro.), (a), r. (1) (b), am. (1) (c)
Register December 2019 No. 768, eff. 1-1-20.
SPS 85.600(1)(1)
In order to obtain a residential or general appraiser certification or a certificate of licensure as an appraiser, an applicant shall pass the national examination required for certification as a residential appraiser or general appraiser or for licensure, as appropriate, and the examination on statutes and rules of this state governing appraisers.
SPS 85.600 Note
Note: The examination on Wisconsin statutes and rules is administered by the department. The national examination is administered by a provider approved by the department.
SPS 85.600(2)
(2) The national examination required for appraiser certification or licensure shall be consistent with and equivalent to the uniform state certification examination issued or endorsed by the AQB.
SPS 85.600(3)
(3) A score determined by the department to represent minimum competence to practice is required to pass each examination. The department may adopt the passing grade on the national examination recommended by the examination provider. Following consultation with subject matter experts who have reviewed a representative sample of the examination questions and available candidate performance statistics, the department shall determine the passing grade for the examination on statutes and rules of this state. The department shall set the passing score for the statutes and rules examination to represent minimum acceptable competence in the profession.
SPS 85.600(4)
(4) Individuals who apply for licensed and certified appraiser credentials have up to 24 months, after receiving authorization to sit for the examinations from the department, to take and pass the state and national examinations required under sub.
(1).
SPS 85.600(5)
(5) Successful completion of the state and national examinations required under sub.
(1) is valid for a period not to exceed 24 months. An applicant who does not complete all requirements for a credential within 24 months after successful completion of the national examination shall do all of the following:
SPS 85.600(5)(c)
(c) Retake and pass the state and national examinations required under sub.
(1).
SPS 85.600(7)
(7) A new applicant not currently licensed or certified and in good standing in another jurisdiction, shall have up to 24 months, after receiving authorization to sit for the examination, to take and pass an AQB approved qualifying examination for the credential as required by s.
SPS 85.600 (1). Successful scores are valid for a period of 24 months.
SPS 85.600 History
History: Cr.
Register, September, 1991, No. 429, eff. 10-1-91; emerg. am. (1) and (2), eff. 10-1-91; am. (1) and (2),
Register, May, 1992, No. 437, eff. 6-1-92; am.
Register, June, 1996, No. 486, eff. 7-1-96;
CR 04-007: am. (1), cr. (4), (5) and (6)
Register August 2004 No. 584, eff. 9-1-04;
CR 06-033: am. (6)
Register November 2006 No. 611, eff. 12-1-06;
CR 10-135: am. (1), (6)
Register August 2011 No. 668, eff. 9-1-11; correction in (5) (b), (6) made under s.
13.92 (4) (b) 7., Stats.,
Register November 2011 No. 671;
CR 14-016: SPS 85.600 renum. from SPS 82.01, am. (5) (b), r. (6), cr. (7)
Register September 2014 No. 705, eff. 1-1-15; SPS 85.600 (title) renum. from 82.01 (title) under s.
13.92 (4) (b) 1. Register September 2014 No. 705;
CR 18-104: am. (1) to (3)
Register December 2019 No. 768, eff. 1-1-20.
SPS 85.610(1)(1)
An applicant may not practice any deception or fraud with respect to the applicant's identity in connection with taking an examination.
SPS 85.610(2)
(2) An applicant may not cheat or attempt to cheat on an examination, including any of the following:
SPS 85.610(2)(a)
(a) Giving or attempting to give examination questions or answers to examination questions to another person.
SPS 85.610(2)(b)
(b) Receiving or attempting to receive examination questions or answers to examination questions from another person.
SPS 85.610(2)(c)
(c) Using unauthorized materials during any portion of the examination.
SPS 85.610(2)(d)
(d) Failing to comply with additional written instructions provided at the time of examination relating to cheating other than those specified in pars.
(a) to
(c).
SPS 85.610(4)
(4) Silent cordless calculators may be used by the applicant when taking the examination.
SPS 85.610 History
History: Cr.
Register, September, 1991, No. 429, eff. 10-1-91; r. (1), renum. (2) and (3) to be (1) and (2) and r. and recr. (2) (d),
Register, June, 1996, No. 486, eff. 7-1-96; am. (2) (intro.), (a), (b) and (c),
Register, January, 1998, No. 505, eff. 2-1-98;
CR 01-100: am. (1),
Register February 2002 No. 554, eff. 3-1-02;
CR 14-016: SPS 85.610 renum. from SPS 82.02
Register September 2014 No. 705, eff. 1-1-15;
CR 18-104: am. (1), (2) (intro.), (a), (b)
Register December 2019 No. 768, eff. 1-1-20.
SPS 85.620
SPS 85.620 Reexamination. Upon payment of the required fee, an applicant may retake an examination.
SPS 85.620 History
History: Cr.
Register, September, 1991, No. 429, eff. 10-1-91;
CR 01-100: r. (2), renum. (1) to be RL 82.03,
Register February 2002 No. 554, eff. 3-1-02;
CR 14-016: renum. from SPS 82.03
Register September 2014 No. 705, eff. 1-1-15.
SPS 85.630(1)(1)
To claim an error on the Wisconsin statutes and rules examination, an applicant shall file a written request with the department within 30 days of the date the applicant reviews the examination. The request shall include all of the following:
SPS 85.630(1)(c)
(c) A description of the mistakes the applicant believes were made in the examination content, procedures, or scoring, including the specific questions or procedures claimed to be in error.
SPS 85.630(1)(d)
(d) The facts the applicant intends to prove, including citations to references or other supporting evidence for the applicant's claim.
SPS 85.630(2)
(2) The department shall make a determination as to the validity of the claim and notify the applicant in writing of the decision and any resulting score changes.
SPS 85.630(3)
(3) If the decision does not result in a passing grade, the applicant may retake the examination.
SPS 85.630 History
History: Cr.
Register, September, 1991, No. 429, eff. 10-1-91; emerg. am. (3), eff. 10-1-91; am. (3),
Register, May, 1992, No. 437, eff. 6-1-92; am. (1) (intro.), (3),
Register, June, 1996, No. 486, eff. 7-1-96; am. (1) (intro.), (a), (b) and (c),
Register, January, 1998, No. 505, eff. 2-1-98;
CR 14-016: SPS 85.630 renum. from SPS 82.04
Register September 2014 No. 705, eff. 1-1-15;
CR 18-104: am. (1) (d), (2)
Register December 2019 No. 768, eff. 1-1-20.
SPS 85.700(1)(1)
The work claimed under ss.
SPS 85.310,
85.410, and
85.510 for appraisal experience credit shall be approved by the department and meet all of the following requirements:
SPS 85.700(1)(a)
(a) Be in compliance with the Uniform Standards of Professional Appraisal Practice in effect at the time the appraisals were prepared.
SPS 85.700(1)(b)
(b) Include one or more of the following types of appraisal experience:
