Real Estate Appraiser - Credentialing

 

1). Complete application for licensure (Licensed, Certified Residential, Certified General) or application for temporary registration (for out-of-state licensed appraisers for a single project in Wisconsin).

2). Submit verification of education to the Department for review.

Licensed Appraiser: Completion of program of study for licensed appraisers of at least 150 hours of instruction covering topics indicated in Wisconsin Administative Code, RL 84.02.

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 84.03

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, 84.04.

Important New Education Requirements Effective 2008

3).  The only prerequisite to take the national and state examinations is successful completion of the education hours required under Wis. Admin. Code RL, 84.

4). Pass the national examination.

All applicants applying for licensure are required to pass a national examination on appraisal practice specific to the type of credential for which they are applying. These examinations are currently administered by Pearson Vue. Information on the examinations may be obtained on their web site.   The Department will send an eligibility letter giving approval to make an appointment for the examination.  Do not contact the test provider prior to receiving approval from the Department. The national examination must be completed within 24 months of submitting the application for credential.

5).  Complete the online open book examination of 50 questions on Wisconsin statutes and rules governing the profession. 

Wisconsin Online Test For Appraisers

Print out these instructions and read them carefully before beginning the exam. An outline of the content for the exam can be found below. The exam cannot be taken on a Mac (Macintosh) computer. The passing score for the exam is 81.5%. The codebook from which most of the exam questions are derived is at http://drl.wi.gov/boards/app/code/codebook.htm .

The examination content is distributed as follows:

    Wisconsin Statutes Chapter 440            2%

    Wisconsin Statutes Chapter 458           50%

    Wisconsin Administrative Code Chapters RL 80 and RL 81    8%

    Wisconsin Administrative Code Chapters RL 83 and RL 85   12%

    Wisconsin Administrative Code Chapter RL 86 and RL 87   22%

    Wisconsin Administrative Code Chapter RL 1 and RL 7      6%

1. Select the test log on link ( http://exam.drl.wi.gov)
2. Select: “Test Launching ” from the drop-down menu and click on “Start”
3. Select your instructor as “dft” from the drop-down menu.
4. Enter the test name and password (They are the same and are sent after you have submitted your application to the Department)
5. Click on “Login”
6. Enter your student ID which is your applicant ID number, and your name.
7. Click on “Start Test Session”.
8. The test is not timed, and you may exit and return as often as you like. To exit and return later to the exam, click on the “X” at the upper right corner of the computer screen. Do not click “Done” until you have completed the exam and are ready to submit your exam for scoring.
9. You can go back and forth to questions, and change your answers by clicking the appropriate arrows on each exam question screen. There is only one correct answer for each question.
10. After you select “Done”, your score is immediately calculated and will automatically be submitted to the Department. Your score will be posted to your online checklist in about 5 working days. If you fail the exam (score less than 81.5%), you must retake the exam by downloading the retake application at http://drl.wi.gov/dept/forms/fm2699.pdf and submitting it along with a $57.00 retake fee to the Department. You will then be assigned another test.

Additional technical or exam content related questions can be directed to: susan.bird@wisconsin.gov

6). Submit verification of experience to the Department for review.

The only changes to the experience requirement for 2008 are: A) Experience obtained prior to January 30, 1989 will not be acceptable. B) Appraisal work performed without a client will increase from 1/3 to 50%. [See, RL 83.01 (3) (f) and (m), effective 12/1/06].

Licensed Residential: 2,000 hours of appraisal experience in not less than 12 months

Certified Residential: 2,500 hours of appraisal experience in not less than 24 months

Certified General: 3,000 hours of appraisal experience in not less than 30 months, of which no more than 50% can be residential appraisal experience.

7).  All requirements for a credential must be completed within 24 months of passing the national examination.

Federal Regulations: Title XI of the Financial Institutions Recovery, Reform and Enforcement Act of 1989, 12 U.S.C. 3331-3351.

Check the FAQs to determine if a credential can be transferred from other States/Countries.

 

Biennial renewal due by December 14 of odd-numbered years

Common Denial Reason: Experience not in full compliance with the Uniform Standards of Professional Appraisal Practice ( USPAP ).

Convictions of crimes or pending charges may be grounds for denial of license if the circumstances of the conviction or charge are substantially related to professional practice.