Chapter 458 — REAL ESTATE APPRAISERS BOARD

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) “Appraisa…

458.02 Limitations and exceptions. Nothing in this chapter shall be construed to prohibit a person who is not a certified appraiser or licensed appraiser from appraising real estate or from cosigning an appraisal report with a certified appraiser or licensed appraiser if the pers…

458.03 General duties and powers of department and board. (1) In addition to the other duties and powers of the department under this chapter, the department shall do all of the following: (a) Grant and issue certificates to appraisers. (b) Subject to the procedure under s. 458.0…

458.04 Advisory committee. (1) If the secretary creates an advisory committee on examinations under s. 15.04 (1) (c), the advisory committee shall be chaired by an examination specialist, if an examination specialist is employed by the department, and shall report to the board an…

458.05 Rules; review of rules. (2) Before submitting any proposed rules relating to appraisals or to the board to the legislative council staff under s. 227.15, the department shall submit the proposed rules to the board for comment. The board shall have 30 days to submit comment…

458.055 Prohibited conduct. Except as provided in s. 458.095, no person may do any of the following: (1) Use the title “Wisconsin certified appraiser,” “Wisconsin certified general appraiser,” “Wisconsin certified residential appraiser,” or any similar title unless the person hol…

458.06 Certification. (2) APPLICATION. All applications for certification under this section shall be submitted to the department on a form provided by the department. An applicant shall specify on the application whether he or she is applying for a general appraiser certificate …

458.08 Licensure. (2) APPLICATION. An application for licensure under this section shall be submitted to the department on a form provided by the department. No initial certificate of licensure may be issued under this section unless all of the following conditions are satisfied:…

458.085 (1) and (2). (d) Passes an examination conducted by the department under s. 458.10 to determine fitness as a general appraiser. (e) Satisfies any other requirements that the department determines, by rule, are necessary to ensure that a general appraiser is qualified to p…

458.09 Applicability of assessor experience and continuing education. (1) In this section, “assessor” means an individual who assesses or has assessed the value of real estate for property tax purposes for a town, village, city or county or the department of revenue. May 22, 2026…

458.095 Temporary use of titles; appraisers certified or licensed in other states. A certificate under this subchapter is not required for an appraiser who holds a current appraiser certificate in another state if all of the following apply: (1) The appraisal is performed in a fe…

458.10 Examination. (1) The department shall conduct examinations for general appraiser certification, residential appraiser certification and appraiser licensure at least semiannually at times and places determined by the department. The department shall provide public notice of…

458.105 Certificate number. The department shall assign a certificate number to each individual who is certified or licensed

458.11 is an assessor, all of the following apply: (a) The period of experience required for general appraiser certification under the rules promulgated under s. 458.085 (2) shall be reduced by the period that the applicant has been employed as an assessor of commercial real esta…

458.12 Reciprocal agreements. The department may enter into reciprocal agreements with officials of other states or territories of the United States for certifying and licensing appraisers and issue certificates to applicants who hold certificates in those states or territories a…

458.13 Continuing education requirements. At the time of renewal of a certificate issued under this subchapter, each applicant shall submit proof that, within the 2 years immediately preceding the date on which the renewal application is submitted, he or she has satisfied the con…

458.16 Use of certificate number and title. (1) Each certified appraiser shall place his or her title, as described in s. 458.055, and certificate number on each appraisal report and each written appraisal agreement used by the certified appraiser in conducting appraisal activiti…

458.18 Maintenance of records. (1) Unless a longer period of retention is required under sub. (2), a certified appraiser or licensed appraiser shall retain for at least 5 years the originals or true copies of each contract for the employment of the appraiser’s professional servic…

458.19 Requirements for appraisal reports. An appraiser shall include all of the following in each appraisal report prepared by the appraiser: (1) If the appraiser has not conducted an on-site inspection of the real estate for which the appraisal report is prepared, a statement t…

458.20 Contingent fees. No certified appraiser or licensed appraiser may accept a fee for conducting an appraisal that is contingent upon the appraiser reporting a predetermined estimate, analysis, opinion or conclusion or contingent upon the consequences resulting from the appra…

458.21 Appraisals in federally related transactions; annual registry fee required. Each certified appraiser or licensed appraiser who performs or desires to perform an appraisal in a federally related transaction shall pay to the department the annual registry fee required by the…

458.22 Use of title restricted to individual. No firm, partnership, corporation, or other group of individuals may use the title “Wisconsin certified appraisers,” “Wisconsin certified general appraisers,” “Wisconsin certified residential appraisers,” “Wisconsin licensed appraiser…

458.24 Code of professional conduct. The department may promulgate rules establishing standards for appraisal practice. In promulgating rules under this section, the department shall consider including as part or all of the standards part or all REAL ESTATE APPRAISERS BOARD 458.3…

458.26 Disciplinary proceedings and actions. (1) The department shall, upon motion of the board or upon its own determination, conduct investigations in regard to the action of any appraiser. (2) The department shall present the findings of any investigation of an appraiser or an…

458.30 Penalties. Any person who violates this subchapter or any rule promulgated under this subchapter may be fined not May 22, 2026, are designated by NOTES. (Published 5-22-26) 458.30 Updated 23-24 Wis. Stats. REAL ESTATE APPRAISERS BOARD more than $1,000 or imprisoned for not…

458.31 Definitions.

458.32 Prohibited conduct.

458.33 Licensure.

458.34 Exemptions.

458.35 Limitations.

458.36 Designated controlling individuals.

458.365 Appraisal management services in federally related transactions; annual registry fee required.

458.37 Appraiser competency.

458.38 Compensation of appraisers.

458.39 Record keeping.

458.41 Appraiser independence.

458.42 License number.

458.43 Department review of decisions concerning appraisers.

458.44 Disciplinary proceedings and actions.

458.45 Penalties.

458.46 Rules.

458.48 Nonapplicability. estate and residential real estate, without regard to transaction value. (11m) “Licensed appraiser” means an individual who is licensed as an appraiser under s. 458.08. (12) “Real estate” means an identified parcel or tract of land and any improvements to…