There are three types of appraisal certificates issued by the Department of Regulation and Licensing of the State of Wisconsin. A Licensed Appraiser must complete 90 hours of education, including not less than 15 hours in professional standards and ethics and not less than 20 hours in the commercial income approach. At least 2000 hours of appraisal experience, including no more than 25 percent commercial appraisal experience is required. A Certified Residential Appraiser must complete at least 120 hours of education, including not less than 15 hours in professional standards and ethics and not less than 20 hours in the commercial income approach. At least 2,500 hours of appraisal experience in not less than 24 months, including no more than 25 percent commercial appraisal experience is required.
A Certified General Appraiser must complete not less than 180 hours of education, including not less than 15 hours in professional standards and ethics and not less than 40 hours of commercial income approach. At least 3,000 hours of appraisal experience in not less than 30 months, including not more than 50 percent residential appraisal experience is required. All appraisal licensees are required to complete 28 hours of continuing education in each biennium - bienniums end on December 31st of every odd numbered year.
The courses offered by Robbins & Lloyd, Introduction to Real Estate Appraisal Course and USPAP - Standards & Ethics, are approved by the Department of Regulation and Licensing to fulfill the 90 hour pre-licensing requirement. Robbins & Lloyd provides the education but is not responsible for providing or overseeing the required work xperience.
Upon completion of each course (all classes must be attended) at Robbins & Lloyd, students must pass an examination given by the Institute. Prior to the issuance of an appraiser’s license, an applicant must pass the national examination required for certification and an examination on Wisconsin statutes and rules governing appraisers. The examination on Wisconsin statutes is administered by the Department of Regulation and Licensing and the national examination is administered by a provider approved by the Department of Regulation and Licensing.
The Department of Regulation and Licensing determines whether all requirements have been met for the appraiser certification.
