Section 85.520. Licensed appraiser course requirements.

  An individual who applies for a license as an appraiser shall submit evidence satisfactory to the department that he or she has successfully completed the required 150 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)  Residential market analysis and highest and best use — 15 hours.

(5)  Residential appraiser site valuation and cost approach — 15 hours.

(6)  Residential sales comparison and income approaches — 30 hours.

(7)  Residential report writing and case studies — 15 hours.

(8)  An individual who applies for a license as an appraiser shall successfully complete 30 semester hours of college level education, from an accredited college, junior college, community college or university. The college or university must be a degree-granting institution accredited by the commission on colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the U.S. secretary of education. If an accredited college or university accepts the CLEP and examinations and issues a transcript for the exam, showing its approval, it will be considered as a credit for the college course.

(9)  Applicants holding an associate degree, or higher from an accredited college, junior college, community college, or university satisfy the 30-hour college-level education requirement in sub. (8) .

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; CR 14-016 : SPS 85.520 renum. from SPS 84.02, cr. (8), (9) Register September 2014 No. 705 , eff. 1-1-15.