Real Estate Appraiser Licensing

I am a Certified Residential Appraiser. In Wisconsin, there are three different designations of real estate appraisers: Licensed, Certified Residential and Certified General.

Being a Certified Residential Appraiser means that I am State approved to appraise commercial properties up to $250,000 in value and most any residential properties, regardless of value.

I have an excellent record of professional service, including the Federal Veterans Administration (Fed VA) roster of appraisers for Milwaukee County and its adjacent counties in Southeastern Wisconsin. I am also approved to perform Federal Housing Administration (FHA) appraisals, including “reverse mortgages”.

From the Wisconsin State Dept. of Regulation & Licensing

A real estate appraiser is a person engaged in the practice of real estate appraisal. Real estate appraisal means providing an analysis, opinion or conclusion relating to the nature, quality, value or utility of specified interests in or aspects of real estate. Wisconsin grants three types of credentials, licensed appraiser, certified residential appraiser, and certified general appraiser.

Federal mandate requires that after January 1, 1993, all appraisers must be licensed or certified by a state licensing agency in order to conduct appraisals which involve "federally related transactions." However, appraisers are not required to be licensed or certified in Wisconsin in order to perform "non-federally related transactions."

Education

Licensed Appraiser : Completion of program of study for licensed appraisers of at least 90 hours of instruction covering topics indicated in WI. Admin. Code, RL 84.04 and Chapter 458 of the Wisconsin Statutes.

Certified Residential Appraiser: Completion of a program of study for certified residential appraisers of at least 120 hours of instruction covering topics indicated in WI. Admin. Code, RL 84.02

Certified General Appraiser: Completion of a program of study for certified general appraisers of at least 180 hours of instruction covering topics indicated in WI. Admin Code, 84.03.

 

Complete list of 2008 Requirements

Wisconsin State Appraiser Statutes can be found at http://drl.wi.gov/boards/app/code/codebook.htm