Section 85.320. Certified general appraiser course requirements.

 

(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:

(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:

1. Basic appraisal principles — 30 hours.

2. Basic appraisal procedures — 30 hours.

3. The 15-hour national USPAP course or its equivalent — 15 hours.

4. General appraisal market analysis and highest and best use — 30 hours.

5. Statistics, modeling and finance — 15 hours.

6. General appraiser sales comparison approach — 30 hours.

7. General appraisal site valuation and cost approach — 30 hours.

8. General appraiser income approach — 60 hours.

9. General appraiser report writing and case studies — 30 hours.

10. Appraisal subject matter electives that may include the minimum required in the subject areas described in subds. 1. to 9. — 30 hours.

(b) A bachelor's 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 or regional accreditation association, or by an accrediting agency that is recognized by the U.S. secretary of education.

(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) :

(a) General appraiser market analysis and highest and best use — 15 hours.

(b) Statistics, modeling and finance — 15 hours.

(c) General appraiser sales comparison approach — 15 hours.

(d) General appraiser site valuation and cost approach — 15 hours.

(e) General appraiser income approach — 45 hours.

(f) General appraiser report writing and case studies — 15 hours.

(g) Appraisal subject matter electives as provided in par. (a) — 30 hours.

(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) :

(a) General appraiser market analysis and highest and best use — 15 hours.

(b) General appraiser sales comparison approach — 15 hours.

(c) General appraiser site valuation and cost approach — 15 hours.

(d) General appraiser income approach — 45 hours.

(e) General appraiser report writing and case studies — 10 hours.

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; CR 14-016 : SPS 85.320 renum. from SPS 84.04; as renumbered, renum. (1) (b) (intro.) to (b) and am., r. (1) (b) 1. to 9. Register September 2014 No. 705 , eff. 1-1-15.