AB533,24,1614 (a) If the independent appraiser is not being removed under par. (b), notifies
15the independent appraiser in writing of the reasons the independent appraiser is
16being removed from the appraiser panel.
AB533,24,2017 (b) If the independent appraiser is being removed from the appraiser panel for
18conduct alleged to be any of the following, notifies the independent appraiser of the
19alleged conduct and provides the independent appraiser with an opportunity to
20respond before removal:
AB533,24,2321 1. A violation of this subchapter or rules promulgated under this subchapter,
22other state or federal law, or the Uniform Standards of Professional Appraisal
23Practice described under s. 458.24.
AB533,24,2424 2. Other good cause.
AB533,25,6
1(2) (a) An independent appraiser who is removed from an appraiser panel
2under sub. (1) (b) may petition the department for review of that removal decision.
3The department's review of a removal decision under this paragraph is limited to
4determining whether the licensed appraisal management company has complied
5with sub. (1) and whether the independent appraiser engaged in conduct described
6in sub. (1) (b) 1. or 2.
AB533,25,97 (b) If an independent appraiser petitions the department for review under par.
8(a), the department shall complete its review within 180 days after the department
9receives the petition.
AB533,25,1610 (c) If, after opportunity for hearing, the department determines that a licensed
11appraisal management company did not comply with sub. (1) or that an independent
12appraiser did not engage in the conduct described in the notice under sub. (1) (b) 1.
13or 2., the department shall order the licensed appraisal management company to
14reinstate the independent appraiser on the appraiser panel. The licensed appraisal
15management company may not refuse to assign appraisal services to the appraiser
16or otherwise penalize or retaliate against the appraiser.
AB533,25,20 17458.44 Disciplinary proceedings and actions. (1) The department shall,
18upon motion of the board or upon its own motion, or upon a complaint filed with the
19department or the board, conduct investigations concerning the conduct of a licensed
20appraisal management company or an applicant for a license under s. 458.33.
AB533,25,25 21(2) The department shall present the findings of any investigation under sub.
22(1) to the board. The department shall, upon motion of the board or upon its own
23motion, commence disciplinary proceedings on any matter under investigation
24concerning a licensed appraisal management company or applicant for a license
25under s. 458.33.
AB533,26,7
1(3) Disciplinary proceedings shall be conducted by the board according to the
2rules promulgated under s. 440.03 (1). The department may deny a license, and the
3board may conditionally or unconditionally limit, suspend, or revoke a license issued
4under s. 458.33 (2) or reprimand a licensed appraisal management company if the
5department or board determines that the applicant or licensed appraisal
6management company, or a controlling individual of the applicant or licensed
7appraisal management company, has done any of the following:
AB533,26,108 (a) Made a material misstatement in an application for a license or renewal of
9a license under s. 458.33 or in any other information provided to the board or
10department.
AB533,26,1211 (b) Engaged in unprofessional or unethical conduct, as determined by the
12department by rule.
AB533,26,1513 (c) Engaged in conduct in the course of conducting business as an appraisal
14management company that evidences a lack of knowledge or ability to apply
15professional principles or skills.
AB533,26,1816 (d) Had a license or other credential to act as an appraiser in any state denied,
17refused, canceled, revoked, or surrendered in lieu of a revocation, unless that license
18or other credential was later granted or reinstated.
AB533,26,1919 (e) Advertised in a manner that is false, deceptive, or misleading.
AB533,26,2120 (f) Advertised, practiced, or attempted to practice as an appraisal management
21company under another person's name.
AB533,26,2422 (g) Subject to ss. 111.321, 111.322, and 111.34, provided appraisal management
23services while the individual's ability to practice was impaired by alcohol or other
24drugs.
AB533,27,3
1(h) Provided appraisal services or appraisal management services where the
2value of real estate provided in the appraisal report was based on the racial
3composition of the area in which the real estate is located.
AB533,27,44 (i) Violated this subchapter or any rule promulgated under this subchapter.
AB533,27,9 5(4) In addition to or in lieu of a reprimand or denial, limitation, suspension, or
6revocation of a license under s. 458.33, the board may assess against a licensed
7appraisal management company or an applicant for a license under s. 458.33 a
8forfeiture of not less than $100 nor more than $10,000 for each violation enumerated
9under sub. (3).
AB533,27,13 10(5) The department may seek judicial review under ch. 227 of any final decision
11of the board. The department shall be represented in any review proceedings by an
12attorney within the department. Upon request of the board, the attorney general
13may represent the board.
AB533,27,17 14(6) The department shall report any violations of applicable appraisal-related
15laws, regulations, or orders by an appraisal management company and disciplinary
16and enforcement actions against an appraisal management company to the
17appraisal subcommittee.
AB533,27,19 18458.45 Penalties. Any person who violates this subchapter or any rule
19promulgated under this subchapter may be fined not more than $10,000.
AB533,27,23 20458.46 Rules. The department shall promulgate rules to implement this
21subchapter, including, to the extent the department, in consultation with the board,
22deems necessary, rules establishing standards of professional conduct for licensed
23appraisal management companies exempt from licensure under s. 458.34 (2).
AB533,28,4 24458.48 Nonapplicability. Notwithstanding ss. 458.32 to 458.46, ss. 458.32
25to 458.46 do not apply if federal law is amended or repealed so as to allow appraisal

1management companies that are not federally regulated appraisal management
2companies to perform services related to a federally related transaction without
3being required to register with and be subject to supervision by a state appraiser
4certifying and licensing agency as required under 12 USC 3353.
AB533,31 5Section 31 . Nonstatutory provisions.
AB533,28,156 (1) Using the procedure under section 227.24 of the statutes, the department
7of safety and professional services may promulgate rules required under section
8458.46 of the statutes for the period before the effective date of the permanent rule
9promulgated under section 458.46 of the statutes, but not to exceed the period
10authorized under section 227.24 (1) (c) of the statutes, subject to extension under
11section 227.24 (2) of the statutes. Notwithstanding section 227.24 (1) (a), (2) (b), and
12(3) of the statutes, the department is not required to provide evidence that
13promulgating a rule under this subsection as an emergency rule is necessary for the
14preservation of the public peace, health, safety, or welfare and is not required to
15provide a finding of emergency for a rule promulgated under this subsection.
AB533,32 16Section 32. Effective dates. This act takes effect on July 1, 2018, except as
17follows:
AB533,28,1818 (1) Section 31 (1 ) takes effect on the day after publication.
AB533,28,1919 (End)
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