Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Welcome to AppraisersForum.com, the premier online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.
WI State Appraisal Board request for AQB compliance
I know this is an old thread and I wish I had taken the time to address it months ago.
Did anyone think to google "AQB compliant Wisconsin" ??
Any appraiser who was licensed in Wisconsin but not certified should have received the request. If you were certified, you already comply with the experience hours requirements by the Appraisal Sub-Committee. See below.
Wisconsin has two levels of licensing. The state's "licensed" level, which used to require 500 hours of experience, did not comply with changes made at the federal level. So the state regs were changed and appraisers who had not submitted rosters with the minimum hours required were asked to do so. Since licensed appraisers never submitted their experience (3 appraisals for review) when obtaining their credential, they did not comply with the new ASC regulations.
"Section RL 83.01 (2) changes the minimum number of hours of an applicant seeking licensure as an
appraiser to 2,000 hours of experience obtained over a period of not less than 12 months. This change
reflects the requirements currently imposed by the AQB. The Appraisal Subcommittee of the Federal
Institutions Examination Council is authorized to monitor the requirements established by states for the
certification and licensing of individuals who are qualified to perform appraisals in connection with
federally related transactions. The Appraisal Subcommittee is required to maintain a national registry of
state certified and licensed appraisers who are eligible to perform appraisals in federally related
transactions. One of the new requirements for placement on the roster is that an individual must be a state
licensed or certified appraiser with credentials based on the minimum licensing or certification criteria
issued by the AQB. An appraiser is not deemed to have credentials based on AQB standards if the state
licensing and/or certification requirements did not conform to the AQB criteria at the time the appraiser
obtained the license or certification."