(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.
Section 29. SPS 85.430 (1) is amended to read:
SPS 85.430 (1) (intro.) An applicant for a certified residential appraiser credential must 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:
(a) Two hundred creditable The 200 class hours as specified in the course requirements found in under s. SPS 85.420 (1) (a). As part of the 200 required hours, applicants shall successfully complete the 15-hour national 15-Hour National USPAP course Course or its AQB-approved equivalent, and the corresponding examination. (b) Completion of a bachelor's degree or higher from an accredited college or university college-level education meeting the requirements under s. SPS 85.425. (c) Two One thousand five hundred hours of qualifying experience obtained in no fewer than 24 12 months. While the hours may be cumulative, the required number of months must shall accrue before an individual can may be certified.
SUBCHAPTER V
LICENSED REAL ESTATE APPRAISER
Section 31. SPS 85.500 and 85.510 is amended to read:
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 $250,000;, 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 $250,000 500,000.
85.510 Proof of experience for licensed appraisers. An applicant seeking licensure as an appraiser shall submit evidence satisfactory to the department that the applicant has at least 2,000 1,000 hours of appraisal experience obtained over a period of not less than 12 6 months.
Section 32. SPS 85.520 (intro.) and (3) are amended to read:
SPS 85.520 (intro.) Licensed appraiser course Core curriculum requirements. An individual who applies for a license as an appraiser shall submit evidence satisfactory to the department that he or she the individual has successfully completed the required 150 class hour core curriculum established by the Appraiser Qualifications Board of the Appraisal Foundation AQB. that The required curriculum consists of all of the following subject areas and corresponding class hours:
(3) The 15-hour national 15-Hour National USPAP course Course or its equivalent — 15 hours.
Section 33. SPS 85.520 (8) and (9) are repealed.
Section 34. SPS 85.530 (1) (intro.) and (a) are amended to read:
SPS 85.530 (1) (intro.) An applicant for a licensed appraiser credential must shall successfully complete the AQB-approved licensed residential real property appraiser examination. The prerequisite for taking the AQB-approved examination are all is completion of all of the following:
(a) One hundred and fifty creditable The 150 class hours as specified in the course requirements found in under s. SPS 85.520.
Section 35. SPS 85.530 (1) (b) is repealed.
Section 36. SPS 85.530 (1) (c) is amended to read:
SPS 85.530 (1) (c) Two One thousand hours of qualifying experience in no fewer than 12 6 months.
Section 37. SPS 85.600 (1), (Note), (2), and (3) are amended to read:
SPS 85.600 (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 state examination on Wisconsin statutes and rules of this state governing appraisers.
(Note) The examination on Wisconsin statutes and rules is administered by the Department of Safety and Professional Services department. The national examination is administered by a provider approved by the department.
(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 appraiser qualifications board of the appraisal foundation AQB.
(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 make a determination of determine the passing grade on for the Wisconsin examination on statutes and rules of this state. examination and The department shall set the passing score for the statutes and rules examination at that point which represents to represent minimum acceptable competence in the profession.
Section 38. SPS 85.610 (1) and (2) (intro.), (a), and (b) are amended to read:
SPS 85.610 (1) An applicant shall may not practice any deception or fraud with respect to his or her the applicant’s identity in connection with the taking of an examination.
(2) (intro.) An applicant shall may not cheat or attempt to cheat on an examination by any means, including but not limited to, any one of the following:
(a) Giving or receiving attempting to give examination questions or answers to examination questions to another person.
(b) Attempting to obtain, receive Receiving or communicate to other persons attempting to receive examination questions or answers to examination questions from another person.
Section 39. SPS 85.630 (1) (d) and (2) are amended to read:
SPS 85.630 (1) (d) The facts which the applicant intends to prove, including reference text citations to references or other supporting evidence for the applicant's claim.
(2) The department shall review the claim, make a determination of as to the validity of the objections claim and notify the applicant in writing of the decision and any resulting score changes.
Section 40. SPS 85.700 (1) (intro.) and (a) are amended to read:
SPS 85.700 (1) (intro.) The work claimed under ss. SPS 85.310, 85.410, and 85.510 for appraisal experience credit shall be approved by the department and shall accomplish meet all of the following requirements:
(a) Be in compliance with the uniform standards Uniform Standards of professional appraisal practice, Professional Appraisal Practice in effect at the time the appraisals were prepared.
Section 41. SPS 85.700 (1) (b) is renumbered SPS 85.700 (1) (b) (intro.) and amended to read:
SPS 85.700 (1) (b) (intro.) Include one or more of the following types of appraisal experience: appraisal, appraisal review, appraisal consulting or mass appraisal.
Section 42. SPS 85.700 (1) (b) 1. to 4. are created to read:
SPS 85.700 (1) (b) 1. Appraisal.
2. Appraisal review.
3. Appraisal consulting.
4. Mass appraisal.
Section 43. SPS 85.700 (1) (c) to (f), (2), (3) (intro.), and (Note) are amended to read:
SPS 85.700 (1) (c) Include, in the case of general appraisers For experience claimed under s. SPS 85.310, include no more than 50% percent residential appraisal experience. (d) Include, in the case of licensed appraisers and certified residential appraisers For experience claimed under s. SPS 85.410 or 85.510, include no more than 25% percent commercial appraisal experience.
(e) Include no more than 50% percent of appraisal experience gained for appraisal work performed without a client. Case studies or practicum courses that are approved by the appraiser qualifications board of the appraisal foundation AQB may be claimed to satisfy non-client experience. All non-client appraisal experience may be reviewed by the department for compliance with the USPAP.
(f) Demonstrate the same level of proficiency in appraisal principles, techniques, and skills as that demonstrated by appraisers practicing under Standard 1 of the USPAP.
(2) All experience required under ss. SPS 85.310, 85.410 and 85.510, as appropriate, must shall be acquired after January 30, 1989.
(3) (intro.) An applicant applying for certification or licensure under ss. s. SPS 85.310, 85.410, and or 85.510 shall submit on forms provided by the department a roster of appraisal experience that contains all of the following:
(Note) Application forms may be obtained from the Department of Safety and Professional Services, Division of Professional Credential Processing, 1400 East Washington Avenue, P.O. Box 8935, Madison, WI 53708-8935 or from the department's website at: http://dsps.wi.gov. Section 44. SPS 85.710 (5) (intro.) and (b) (intro.) are amended to read:
SPS 85.710 (5) (intro.) Records of the department of revenue or a local governmental body which that document the applicant's experience as an assessor, including but not limited to all of the following:
(b) (intro.) Documents that demonstrate the applicant's performance of the following components of the mass appraisal process in accordance with Standard Standards 5 and 6 of the uniform standards Uniform Standards of professional appraisal practice Professional Appraisal Practice:
Section 45. SPS 85.800 (Note), (3), (Note), (4) (intro.), (b), (d), and (e), (9), (10), and (Note) are amended to read:
SPS 85.800 (Note) Information relating to course approval is available from the Department of Safety and Professional Services, 1400 East Washington Avenue, P.O. Box 8935, Madison, Wisconsin 53708-8935 department’s website at dsps.wi.gov.
(3) Credit may be granted for a distance education course that satisfies all requirements for a continuing education course established by the appraiser qualifications board of the appraisal foundation AQB that are in effect at the time the course is completed.
(4) (intro.) 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:
(b) Be a licensed or certified appraiser who practices in the aspects of appraising has engaged in appraisal practice relevant to the subject matter being taught such as, appraisal, appraisal review, appraisal consulting or mass appraisal, and who has engaged in the practice for at least 5 years.
(d) Be an instructor who teaches appraisal courses approved by the appraiser qualifications board of the appraisal foundation AQB.
(e) If applying to teach the 15-hour national 15-Hour National USPAP course Course, or its equivalent, be a certified residential or general appraiser, and be certified by the appraiser qualifications board of the appraisal foundation AQB as an instructor to teach that course. Course equivalency shall be determined through the AQB course approval program or by an alternate method established by the AQB.
(9) An appraisal course approved by the appraiser qualifications board of the appraisal foundation AQB shall be approved by the department without receipt of an application for course approval from the course provider.
(10) 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 appraiser qualifications board of the appraisal foundation AQB, shall be approved by the department without receipt of an application for course approval from the other state or territory.
(Note) To obtain information about A list of courses approved by the Appraiser Qualifications Board of the Appraisal Foundation write to: 1155 15th Street, NW, Suite 1111, Washington, D.C. 20005 AQB is available from The Appraisal Foundation’s website at www.appraisalfoundation.org. Section 46. SPS 85.820 (1), (2) (intro.), (a), and (c) are amended to read:
SPS 85.820 (1) The course provides interaction. Interaction is a reciprocal environment where the student has verbal or written communication interaction with the instructor.
(2) (intro.) The Except as provided under sub. (2m), the content for the distance education course has been approved by any of the following:
(a) The Appraiser Qualification Board of the Appraisal Foundation AQB.
(c) An accredited college, community college, or university that offers distance education programs and is approved or accredited by the commission on colleges.
Section 47. SPS 85.820 (2) (d) and (e) are repealed.
Section 48. SPS 85.820 (2) (f) is renumbered SPS 85.820 (2m) and amended to read:
SPS 85.820 (2m) Non-academic A non-academic credit college courses course provided by a college shall be approved by the AQB or the a state appraiser regulatory jurisdiction.
Section 49. SPS 85.820 (3) (a), (b), and (c) are amended to read:
SPS 85.820 (3) (a) An AQB-approved organizations organization providing approval of course design and delivery.
(b) A An accredited college or university that qualifies for content approval offers distance education programs and that awards academic credit for the distance education course.
(c) A qualifying An accredited college or university for content approval with a distance education delivery program that approves the course design and delivery that incorporate interactivity.
Section 50. SPS 85.830 (7) is amended to read:
SPS 85.830 (7) The appraisal foundation Appraisal Foundation or its boards.
Section 51. SPS 85.840 (1) and (2) are amended to read:
SPS 85.840 (1) Credit toward qualifying education requirements may also be obtained via the by completion of a degree in real estate from an accredited a degree-granting college or university approved by the association Association to advance collegiate schools Advance Collegiate Schools of business Business, or a regional or national accreditation agency recognized by the U.S. Secretary department of Education education, provided that the college or university has had its curriculum reviewed and approved by the AQB.
(2) Education may not be substituted for experience, except for approved practicum courses as found in under s. SPS 85.700 (1) (e).
Section 52. SPS 85.900 (1) to (3) are amended to read:
SPS 85.900 (1) Every Except as provided under sub. (1m), every certified and licensed appraiser shall complete at least 28 class hours of continuing education in each biennial renewal period, which shall include including successful completion of the 7-hour national 7-Hour National USPAP update course Update Course or its AQB-approved equivalent that is approved by the appraiser qualifications board (AQB) of the appraisal foundation. Course equivalency shall be determined through the AQB course approval program or by an alternate method established by the AQB.
(1m) Appraisers If an appraiser is initially licensed or certified within a biennium biennial renewal period, the appraiser shall complete 14 class hours of continuing education for each remaining year or part partial year of licensure or certification, which shall include, of the total number of hours completed within the biennium in that renewal period, including successful completion of the 7-hour national 7-Hour National USPAP update course Update Course or its AQB-approved equivalent that is approved by the appraiser qualifications board (AQB) of the appraisal foundation. Course equivalency shall be determined through the AQB course approval program or by an alternate method established by the AQB.
