SPS 84.02(3)
(3) The 15-hour national USPAP course or its equivalent — 15 hours.
SPS 84.02(4)
(4) Residential market analysis and highest and best use — 15 hours.
SPS 84.02(5)
(5) Residential appraiser site valuation and cost approach — 15 hours.
SPS 84.02(6)
(6) Residential sales comparison and income approaches — 30 hours.
SPS 84.02(7)
(7) Residential report writing and case studies — 15 hours.
SPS 84.02 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.
SPS 84.03
SPS 84.03
Certified residential appraiser course requirements. SPS 84.03(1)(1) An individual who applies for certification as a certified residential appraiser shall submit evidence satisfactory to the department that he or she has successfully completed all of the following:
SPS 84.03(1)(a)
(a) The required 200 class hour core curriculum established by the appraiser qualifications board of the appraisal foundation that consists of the following subject areas and corresponding class hours:
SPS 84.03(1)(a)4.
4. Residential market analysis and highest and best use — 15 hours.
SPS 84.03(1)(a)5.
5. Residential appraiser site valuation and cost approach — 15 hours.
SPS 84.03(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 84.03(1)(b)
(b) An associate degree, in any field of study, or equivalent education from an accredited college or university. Equivalent education shall consist of at least 21 semester credit hours successfully completed at an accredited college or university, or completed through the CLEP, that covers all of the following subject matter courses:
SPS 84.03(1)(b)6.
6. Introduction to computers including word processing and spreadsheets.
SPS 84.03(2)
(2) A licensed appraiser who applies for a certified residential appraiser credential shall complete all of the following class hour courses identified under
par. (a) and the college-level educational requirements under
sub. (1) (b):
SPS 84.03(2)(b)
(b) Advanced residential applications and case studies — 15 hours.
SPS 84.03(2)(c)
(c) Appraisal subject matter electives, as provided in
par. (a) — 20 hours.
SPS 84.03 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.
SPS 84.04
SPS 84.04
Certified general appraiser course requirements. SPS 84.04(1)(1) An individual who applies for certification as a certified general appraiser shall submit evidence satisfactory to the department that he or she has successfully completed all of the following:
SPS 84.04(1)(a)
(a) The required 300 class hour core curriculum established by the appraiser qualifications board of the appraisal foundation that consists of all of the following subject areas and corresponding class hours:
SPS 84.04(1)(a)4.
4. General appraisal market analysis and highest and best use — 30 hours.
SPS 84.04(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 84.04(1)(b)
(b) A bachelor's degree, in any field of study, or equivalent education from an accredited college or university. Equivalent education shall consist of at least 10 semester credit hours successfully completed at an accredited college or university, or completed through the CLEP, that covers all of the following subject matter courses:
SPS 84.04 Note
Note: Clearinghouse Rule 10-135 contains an error in stating equivalent education shall consist of at least 10 semester credit hours. The Federal Institutions Reform, Recovery and Enforcement Act requires 30 hours. DSPS intends to correct in a future rulemaking order.
SPS 84.04(1)(b)7.
7. Introduction to computers including word processing and spreadsheets.
SPS 84.04(1)(b)9.
9. Two elective courses in accounting, geography, agricultural economics, business management or real estate.
SPS 84.04(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 84.04(2)(a)
(a) General appraiser market analysis and highest and best use — 15 hours.
SPS 84.04(2)(c)
(c) General appraiser sales comparison approach — 15 hours.
SPS 84.04(2)(d)
(d) General appraiser site valuation and cost approach — 15 hours.
SPS 84.04(2)(f)
(f) General appraiser report writing and case studies — 15 hours.
SPS 84.04(2)(g)
(g) Appraisal subject matter electives as provided in
par. (a) — 30 hours.
SPS 84.04(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 84.04(3)(a)
(a) General appraiser market analysis and highest and best use — 15 hours.
SPS 84.04(3)(b)
(b) General appraiser sales comparison approach — 15 hours.
SPS 84.04(3)(c)
(c) General appraiser site valuation and cost approach — 15 hours.
SPS 84.04(3)(e)
(e) General appraiser report writing and case studies — 10 hours.
SPS 84.04 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.
