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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Real Estate Appraiser Licensing Requirements

State of Wisconsin Department of Safety and Professional Services

4822 Madison Yards Way
Madison, WI 53705
Phone: 608-266-2112
Website: https://dsps.wi.gov


Licensed Appraiser Licensing Education Requirements

A. Be 18 years of age or older
B. Have a valid Social Security Number
C. Pursuant with rulings SPS 85.500 a licensed appraiser may conduct appraisals of complex 1 to 4 family residential property having a transactional value of not more than $250,000; non complex 1 to 4 family residential property having a transaction value of not more than one million dollars, and commercial real estate having a transaction value of not more than $250,000.
D. Applicants must complete 150 hours of education as follows:

a. Basic Appraisal Principles - 30 hours
b. Basic Appraisal Procedures - 30 hours
c. 15-Hour National USPAP course - 15 hours
d. Residential Market Analysis and Highest and Best Use - 15 hours
e. Residential Appraiser Site Valuation and Cost Approach - 15 hours
f. Residential Sales Comparison and Income Approaches - 30 hours
g. Residential Report Writing and Case Studies - 15 hours

E. Complete 30 semester credit hours of college level education, from an accredited college, or university or hold an associates degree.
F. Applicants must complete 2,000 hours of qualifying experience in no fewer than 12 months. See ruling SPS 85.700 for additional information
G. Pass State and national Exam and pay applicable fees

Certified Residential Appraiser Licensing Education Requirements

A. Be 18 years of age or older
B. Have a valid Social Security Number
C. Pursuant with ruling SPS 85.420 a certified residential appraiser may conduct appraisals of 1 to 4 family residential real estate without regard to transaction value and of commercial real estate having a transaction value of not more than $250,000.
D. Complete 200 hours of education to include the following:

a. Basic Appraisal Principles - 30 hours
b. Basic Appraisal Procedures - 30 hours
c. 15-Hour National  USPAP Course - 15 hours
d. Residential Market Analysis and Highest and Best Use - 15 hours
e. Residential Appraiser Site Valuation and Cost Approach - 15 hours
f. Residential Sales Comparison and Income Approaches - 30 hours
g. Residential Report Writing and Case Studies - 15 hours
h. Statistics, Modeling and Finance - 15 hours
i. Advanced Residential Applications and Case Studies - 15 hours
j. Appraisal Subject matter electives that may includes hours over the minimum required in the subject areas - 20 hours

E. Possess a bachelors degree or higher in any field of study from an accredited college or university.
F. Complete 2,500 hours of qualifying education obtained in no fewer than 24 months.
G. Pass State and National Exam and pay applicable fees

Certified General Appraiser Licensing Education Requirements

A. Be 18 years of age or older
B. Have a valid Social Security Number
C. Pursuant with ruling SPS 85.300 a certified general appraiser may conduct appraisals of 1 to 4 family residential real estate and commercial real estate without regard to transaction value.
D. Complete 300 hours of education to include:

a. Basic Appraisal Principles - 30 hours
b. Basic Appraisal Procedures - 30 hours
c. 15-Hour National USPAP course - 15 hours
d. General Appraisal Market Analysis and Highest and Best Use - 30 hours
e. Statistics, Modeling and Finance - 15 hours
f. General Appraiser Sales Comparison Approach - 30 hours
g. General Appraisal Site Valuation and Cost Approach - 30 hours
h. General Appraisal Income Approach - 60 hours
i. General Appraiser Report Writing and Case Studies - 30 hours
j. Appraisal Subject matter electives - 30 hours

E. Possess a bachelor’s degree, or higher in any field of study, from an accredited college or university.
F. See additional information for education requirements here
G. Complete 3,000 hours of qualifying experience in no fewer than 30 months, 1,500 hours must be obtained in non-residential appraisal work.
H. Pass State exam and pay applicable fees.

Appraisal Continuing Education Requirements

A. Approval periods are every two years
B. Pursuant with ruling SPS 85.900(1m) Appraiser initially licensed or certified within a biennium shall complete 14 hours class hours of education for each year, or part year of licensed or certification, which shall include, of the total number of hours completed within the biennium, the 7-Hour national USPAP update course or its equivalent .
C. Every certified or licensed apprisal shall complete at least 28 class hours of education in each biennial period which shall include successful completion of the 7-hour national USPAP update course or its equivalent.

Exam Provider Information

A. Testing is provided by the state, please review all information here
B. Read all instructions before attempting exam
C. Testing site: https://eptol.drl.wi.gov/