Section 16. SPS 85.230 (Note) is repealed.
Section 17. SPS 85.230 (3) and (4) are created to read:
SPS 85.220 (3) The department may request additional information to determine if an applicant is qualified for reciprocal licensure or certification. Failure by an applicant to comply with a request for additional information within 120 days from the date of the request shall void the application and require the applicant to reapply for reciprocal licensure or registration.
(4) The department shall provide an applicant with a disability reasonable accommodations for completing an application.
Section 18. SPS 85.240 (1) (a) and (b) are amended to read:
SPS 85.240 (1) (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.
(b) The applicant has been convicted of, or plead guilty or nolo contendere to, a felony in a domestic or foreign court, during the 5-year period immediately preceding the application for licensure or certification or at any time preceding the date of application, substantially related to the practice of real estate appraisal. This paragraph does not apply if such the felony involved an act of other than fraud, dishonesty, or a breach of trust, or money laundering and the conviction or plea occurred before the 5-year period immediately preceding the date of application. The felony must be substantially related to the practice of certified or licensed real estate appraiser.
SUBCHAPTER III
CERTIFIED GENERAL REAL ESTATE APPRAISER
Section 20. SPS 85.310 is amended to read:
SPS 85.310 Proof of experience for certified general appraisers. 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 30 18 months.
Section 21. SPS 85.320 (title) and (1) (intro.), (a) (intro.) and 3., and (b) are amended to read:
SPS 85.320 (title) Certified general appraiser course Core curriculum and educational requirements.
(1) (intro.) An individual who applies for certification as a certified general appraiser shall submit evidence satisfactory to the department that he or she the individual has successfully completed all of the following:
(a) (intro.) The required 300 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 AQB-approved equivalent — 15 hours.
(b) A bachelor's degree, or higher, in any field of study, from an accredited, degree-granting college or university. The college or university must be a degree-granting institution accredited by the commission on colleges, a national or regional accreditation association, or by an accrediting agency that is recognized by the U.S. secretary of education.
Section 22. SPS 85.330 (intro.), (1), and (3) are amended to read:
SPS 85.330 (intro.) Prerequisite for examination. In order to obtain a certified general appraiser credential, an applicant must shall complete the AQB-approved certified general real property appraiser examination. The prerequisite for taking the AQB-approved examination is the completion of all of the following:
(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 15-Hour National USPAP course Course or its AQB-approved equivalent, and the corresponding examination.
(3) Three thousand hours of qualifying experience obtained in no fewer than 30 18 months, where a minimum of 1,500 hours must of which shall be obtained in non-residential appraisal work. While the hours may be cumulative, the required number of months must shall accrue before an individual can may be certified.
SUBCHAPTER IV
CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER
Section 24. SPS 85.400 and 85.410 are amended to read:
SPS 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 of commercial real estate having a transaction value of not more than $250,000 500,000.
85.410 Proof of experience for certified residential appraisers. An applicant seeking certification as a residential appraiser shall submit evidence satisfactory to the department that the applicant has at least 2,500 1,500 hours of appraisal experience obtained over a period of not less than 24 12 months.
Section 25. SPS 85.420 (title) and (1) (intro.), (a) (intro.) and 3., and (b) are amended to read:
SPS 85.420 (title) Certified residential appraiser course Core curriculum and educational requirements.
(1) (intro.) An individual who applies for certification as a certified residential appraiser shall submit evidence satisfactory to the department that he or she the individual has successfully completed all of the following:
(a) (intro.) The required 200 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.
(b) A bachelors degree or higher in any field of study from an accredited college or university. The college or university must be a degree-granting institution accredited by the commission on colleges, a national regional accreditation association or by an accrediting agency that is recognized by the U.S. secretary of education College-level education meeting the requirements under s. SPS 85.425. Section 26. SPS 85.420 (2) (intro.) is renumbered SPS 85.420 (2) and amended to read:
SPS 85.420 (2) A licensed appraiser who applies for a certified residential appraiser credential shall complete all of the following class hour courses identified hours under par. sub. (1) (a) 8. to 10. and the college-level educational education meeting the requirements under sub. (1) (b): s. SPS 85.425. Section 27. SPS 85.420 (2) (a) to (c) are repealed.
Section 28. SPS 85.425 is created to read:
SPS 85.425 Qualifying college-level education. (1) Except as provided under sub. (2), an applicant shall satisfy one of the following requirements:
(a) A bachelor’s degree or higher in any field of study from an accredited, degree-granting college or university.
(b) An associate’s degree from an accredited, degree-granting college or university in a field of study related to one of the following:
1. Business administration.
2. Accounting.
3. Finance.
4. Economics.
5. Real estate.
(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:
1. Three semester hours in English composition.
2. Three semester hours in microeconomics.
3. Three semester hours in macroeconomics.
4. Three semester hours in finance.
5. Three semester hours in algebra, geometry, or higher mathematics.
6. Three semester hours in statistics.
7. Three semester hours in computer science.
8. Three semester hours in business law or real estate law.
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.
(d) Successful completion of all of the following CLEP examinations:
1. College Algebra.
2. College Composition.
3. College Composition Modular.
4. College Mathematics.
5. Principles of Macroeconomics.
6. Principles of Microeconomics.
7. Introductory Business Law.
8. Information Systems.
(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:
1. The examination under par. (d) 1. is equivalent to 3 semester hours and applicable to algebra, geometry, statistics, or higher mathematics.
2. The examination under par. (d) 2. is equivalent to 6 semester hours and applicable to English composition.
3. The examination under par. (d) 3. is equivalent to 3 semester hours and applicable to English composition.
4. The examination under par. (d) 4. is equivalent to 6 semester hours and applicable to algebra, geometry, statistics, or higher mathematics.
5. The examination under par. (d) 5. is equivalent to 3 semester hours and applicable to macroeconomics or finance.
6. The examination under par. (d) 6. is equivalent to 3 semester hours and applicable to microeconomics or finance.
7. The examination under par. (d) 7. is equivalent to 3 semester hours and applicable to business law or real estate law.
8. The examination under par. (d) 8. is equivalent to 3 semester hours and applicable to computer science.
(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 are 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:
