458.01 Definitions. In this chapter: (1) “Appraisal” means an analysis, opinion or conclusion relating to the nature, quality, value or utility of specified interests in or aspects of real estate. (2) “Appraisal foundation” has the meaning given in 12 USC 3350 (9). (2m) “Appraisal management company” has the meaning given in 12 CFR 34.211 (c). (3) “Appraisal report” means a written communication of an appraisal. (3m) “Appraisal subcommittee” has the meaning given in 12 USC 3350 (2). (4) “Appraiser” means a general appraiser or residential appraiser. (5) “Board” means the real estate appraisers board. (7) “Certified appraiser” means an appraiser who is certified as a general appraiser or as a residential appraiser under s. 458.06. (8) “Certified general appraiser” means an individual who is certified as a general appraiser under s. 458.06. (9) “Certified residential appraiser” means an individual who is certified as a residential appraiser under s. 458.06. (9m) “Commercial real estate” means real estate other than residential real estate. (10) “Federally related transaction” has the meaning given in 12 USC 3350 (4). (11) “General appraiser” means an individual who conducts appraisals of commercial real estate, or of both commercial real
458.21 458.22 458.24 458.26 458.30
Appraisals in federally related transactions; annual registry fee required. Use of title restricted to individual. Code of professional conduct. Disciplinary proceedings and actions. Penalties. SUBCHAPTER III REAL ESTATE APPRAISAL MANAGEMENT COMPANIES