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EXPERIENCE:
The criteria for experience is outlined in sec. RL 83.01 Administration Code
As directed by the Federal Appraisal Subcommittee, all applicants for a real estate appraiser credential must provide the department with verification that their experience is in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), as in effect at the time the appraisals were prepared [see RL 83.01 (3)(a)].
CERTIFIED GENERAL APPRAISER: A certified general appraiser may conduct
appraisals of all types of residential real estate and commercial real estate without regard to transaction value.
Applicants for certified general appraiser must submit evidence of at least 3,000 hours of appraisal experience in not less than 30 months. No more than 50% residential appraisal experience may be included. No more than 20% appraisal experience obtained from the performance of limited appraisals or from the performance of appraisals in which the departure provision of USPAP was invoked may be included. In addition
must have 180 hours of education (includes 15 hours of standards and at least 40 hours
of commercial income approach.
CERTIFIED RESIDENTIAL APPRAISER: A certified residential appraiser may
Conduct appraisals of residential real estate without regard to transaction value and of commercial real estate having a transaction value of not more than $250,000.
Applicants for certified residential appraiser must submit evidence of at least 2,500 hours of appraisal experience in not less than 24 months. No more than 25% commercial experience may be included. No more than 20% appraisal experience obtained from the performance of limited appraisals in which the departure provision of USPAP was invoked may be included. In addition must have 120 hours of education (includes
15 hours of standards and 20 hours of commercial income approach.
LICENSED APPRAISER: A licensed appraiser may conduct appraisal of complex 1 to 4 family residential property having a transaction 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.
An applicant seeking licensure as an appraiser must submit evidence of at least 500 hours of appraisal experience. No more than 25% commercial appraisal experience may be included. No more than 20% appraisal experience obtained from the performance of limited appraisals or from the performance of appraisals in which the departure provision of USPAP was invoked may be included. In addition must have 90 hours of education (includeds 15 hours of standards and 20 hours of commercial income approach.
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