The Wisonsin Real Estate Appraisers Board has identified three levels of real property appraisal classification:
Licensed Appraiser
Certified Residential Appraiser
Certified General Appraiser
Current Wisconsin Appraiser License Requirements
The Wisconsin Board of Real Estate Appraisers has established the minimum educational requirements for an appraisal license. The minimum educational requirements include the following:
Licensed Appraiser
Completion of a program of study for licensed appraisers of at least 150 hours of instruction covering topics indicated in Wis. Admin Code, 84.04.
2000 hours of appraisal experience
College-level requirements: None
Certified Residential Appraiser
Completion of a program of study for certified residential appraisers of at least 200 hours of instruction covering topics indicated in Wis. Admin. Code, RL 84.02
2,500 hours of appraisal experience in not less than 24 months
College-level requirements: Associate degree or higher. In lieu of the required degree, 21 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law.
Certified General Appraiser
Completion of a program of study for certified general appraisers of at least 300 hours of instruction covering topics indicated in Wis. Admin Code, 84.03.
3,000 hours of appraisal experience in not less than 30 months, of which no more than 50% can be residential appraisal experience.
College-level requirements: Bachelors degree or higher. In lieu of the required degree, 31 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law; and 2 elective courses in accounting, geography, ag-economics, business management, or real estate.
IMPORTANT: For detailed information on understanding the 2008 Real Property Appraiser Qualification Criteria, please follow this link to the Appraisal Foundation.
UPCOMING CHANGES TO REAL PROPERTY APPRAISER QUALIFICATIONS
Beginning January 1, 2015, the AQB has made significant changes to appraisal qualifications. It is possible that some states may choose to implement the changes sooner, so be sure to check with your state regulator.
IMPORTANT CHANGE: Increased College Degree Requirements
Implications: After 1/1/15, you must hold a bachelor's degree to obtain the Certified Residential license level or beyond. If you achieve this license level prior to 1/1/15, you will be grandfathered under the old regulations.
CLASSIFICATION
CURRENT REQUIREMENTS
January 1, 2015 REQUIREMENTS
Trainee Appraiser
None
None
Licensed Residential Appraiser
None
30 semester credit hours of collegelevel education from an accredited college, junior college, community college, or university OR an Associate’s degree or higher (in any field).
Certified Residential Appraiser
21 semester credit hours in specified collegiate subject matter courses from an accredited college or university OR an Associate’s degree or higher.
Bachelor’s degree or higher (in any field) from an accredited college or university.
Certified General Appraiser
30 semester credit hours in specific collegiate subject matter courses from an accredited college or university OR a Bachelor’s degree or higher.
Bachelor’s degree or higher (in any field) from an accredited college or university.
IMPORTANT CHANGE: Experience Hours are Required BEFORE taking the licensing exam.
Implications: For the Licensed, Certified Residential and Certified General license levels, the required experience must be completed prior to taking the licensing exam. If you intend to upgrade your license prior to the 1/1/15 rules change, you need to be sure that you have enough time to complete your experience hours.
State Regulatory Agency
Wisconsin Real Estate Appraisers Board
Dan Williams : Director of Bureau of Business & Design Professions
P.O. Box 8935
Madison, WI 53708-8935
(608) 266-2112 Click for State Website
