reglab/housing_qa huggingface dataset:
WI Stat § 458.16 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.16 - Use of certificate number and title.

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 activities. The title and certificate number shall be placed in a manner specified by the department in the rules promulgated under s. 458.03 (1) (f). The title “Wisconsin certified residential appraiser" or “WI certified residential appraiser" may be used only on an appraisal report or written appraisal agreement pertaining to commercial real estate having a transaction value of not more than $250,000 or to residential real estate. (2) Each licensed 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 licensed appraiser in conducting appraisal activities. The title and certificate number shall be placed in a manner specified by the department in the rules promulgated under s. 458.03 (1) (f). The title “Wisconsin licensed appraiser" or “WI licensed appraiser" may be used only on an appraisal report or written appraisal agreement pertaining to real estate described in the rules promulgated under s. 458.03 (1) (e).History:  1989 a. 340; 1991 a. 39, 78; 1993 a. 3.
WI Stat § 458.18 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.18 - Maintenance of records.

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 services, each appraisal report prepared by the appraiser and all other records that, in the opinion of the appraiser, are material to each appraisal report prepared by the appraiser. The period of retention required under this subsection begins on the date on which the appraiser submits the appraisal report to the person for whom the appraisal report is prepared. (2) A certified appraiser or licensed appraiser shall retain the records described in sub. (1) for at least 2 years after the termination of any litigation related to the transaction for which the appraisal report was prepared. (3) A certified appraiser or licensed appraiser shall, upon reasonable notice, make the records described in sub. (1) available for inspection and copying by the department or the board.History:  1989 a. 340; 1991 a. 39, 78.
WI Stat § 458.19 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.19 - Requirements for appraisal reports.

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 that the appraiser has not done so. (2) If any buildings or dwelling units are located on the real estate for which the appraisal report is prepared and the appraiser has not conducted an on-site inspection of both the exterior and the interior of each building or dwelling unit, a statement that the appraiser has not done so. (3) If the appraisal report pertains to residential real estate, the appraiser's opinion of the highest and best use of the real estate.History:  1989 a. 340; 1991 a. 78.
WI Stat § 458.20 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.20 - Contingent fees.

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 appraisal services.History:  1989 a. 340; 1991 a. 39.
WI Stat § 458.21 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.21 - Appraisals in federally related transactions; annual registry fee required.

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 appraisal subcommittee or its successor agency.History:  1989 a. 340; 1991 a. 39; 2017 a. 113.
WI Stat § 458.22 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.22 - Use of title restricted to individual.

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 appraisers," or any similar title in connection with the name or signature of the firm, partnership, corporation, or group of individuals.History:  1989 a. 340; 1991 a. 39; 1993 a. 3; s. 35.17 correction.
WI Stat § 458.24 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.24 - Code of professional conduct.

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 of the “Uniform Standards of Professional Appraisal Practice" established by the appraisal standards board of the appraisal foundation. The department shall periodically review the “Uniform Standards of Professional Appraisal Practice" and, if appropriate, revise the rules promulgated under this section to reflect revisions to the “Uniform Standards of Professional Appraisal Practice."History:  1989 a. 340; 1991 a. 39, 78; s. 35.17 correction.
WI Stat § 458.26 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.26 - Disciplinary proceedings and actions.

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 applicant for a certificate under this subchapter to the board for its consideration. The department shall, upon motion of the board, and may, upon its own determination, commence disciplinary proceedings on any matter under investigation concerning a certified appraiser, licensed appraiser or applicant. (3) Disciplinary proceedings shall be conducted by the board according to the rules promulgated under s. 440.03 (1). The department may deny any certificate under this subchapter, and the board may limit, suspend or revoke any certificate under this subchapter or reprimand or impose additional continuing education requirements on the holder of a certificate under this subchapter, if the department or board finds that the applicant for or holder of the certificate has done any of the following:(a) Made a material misstatement in an application for the certificate or renewal of the certificate, or in any other information furnished to the board or department.(b) Engaged in unprofessional or unethical conduct in violation of rules promulgated under s. 458.24.(c) Engaged in conduct while practicing as an appraiser which evidences a lack of knowledge or ability to apply professional principles or skills.(d) Subject to ss. 111.321, 111.322 and 111.335, been arrested or convicted of an offense the circumstances of which substantially relate to the practice of an appraiser.(e) Advertised in a manner that is false, deceptive or misleading.(f) Advertised, practiced or attempted to practice as an appraiser under another's name.(g) Subject to ss. 111.321, 111.322 and 111.34, practiced as an appraiser while the individual's ability to practice was impaired by alcohol or other drugs.(h) Based the value of real estate in an appraisal report on the racial composition of the area in which the real estate is located.(i) Violated this subchapter or any rule promulgated under this subchapter. (4) In addition to or in lieu of a reprimand or denial, limitation, suspension or revocation of a certificate under sub. (3), the board may assess against a certified appraiser, licensed appraiser or applicant for a certificate under this subchapter a forfeiture of not less than $100 nor more than $1,000 for each violation enumerated under sub. (3). (5) The department may seek judicial review under ch. 227 of any final decision of the board. The department shall be represented in such review proceedings by an attorney within the department. Upon request of the board, the attorney general may represent the board.History:  1989 a. 340; 1991 a. 39, 78; 1993 a. 3; 2017 a. 113.
WI Stat § 458.30 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.30 - Penalties.

458.30  Penalties. Any person who violates this subchapter or any rule promulgated under this subchapter may be fined not more than $1,000 or imprisoned for not more than 6 months or both.History:  1989 a. 340; 2017 a. 113.
WI Stat § 458.31 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.31 - Definitions.

458.31  Definitions. In this subchapter: (1) “Appraisal management company” has the meaning given in 12 CFR 34.211 (c). (2) “Appraisal management services” has the meaning given in 12 CFR 34.211 (d). (3) (a) Except as provided in par. (b), “appraisal review" means the process of developing and communicating an opinion about the quality of another appraiser's work that was performed as part of an appraisal assignment or appraisal review assignment related to the appraiser's data collection, analysis, opinions, conclusions, estimate of value, or compliance with the Uniform Standards of Professional Appraisal Practice described in s. 458.24.(b) “Appraisal review" does not include any of the following:1. A general examination for grammatical, typographical, mathematical, or other similar errors.2. A general examination for completeness, including regulatory or client requirements as specified in the agreement process, that does not communicate an opinion of value. (4) “Appraiser panel” has the meaning given in 12 CFR 34.211 (e). (5) “Client" means a person that contracts with an appraisal management company for the performance of appraisal management services for the person. (6) “Controlling individual" means any of the following:(a) An owner, officer, or director of an appraisal management company.(b) An individual who is authorized by an appraisal management company to do all of the following:1. Contract with a client.2. Contract with an independent appraiser to perform an appraisal service.(c) An individual who has, directly or indirectly, the power to direct or cause the direction of the management or policies of an appraisal management company. (7) “Federally regulated appraisal management company" has the meaning given in 12 CFR 34.211 (k). (8) “Independent appraiser" means an appraiser who performs an appraisal service on an independent contractor basis. (9) “Licensed appraisal management company" means an appraisal management company licensed under s. 458.33. (10) “Person" has the meaning given in 12 CFR 34.211 (m).History:  2017 a. 113.
WI Stat § 458.32 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.32 - Prohibited conduct.

458.32  Prohibited conduct. Except as provided under s. 458.34, no appraisal management company may do any of the following unless the company is a licensed appraisal management company: (1) Perform appraisal management services for compensation. (2) Advertise that the person is an appraisal management company; use the title “licensed appraisal management company," “appraisal management company," or other similar title; or otherwise hold itself out as an appraisal management company.History:  2017 a. 113.
WI Stat § 458.34 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.34 - Exemptions.

458.34  Exemptions. (1) A license under s. 458.33 (2) is not required for any of the following:(a) An appraiser that, in the ordinary course of business, contracts with an independent appraiser for the performance of an appraisal if upon completion of the appraisal the appraiser co-signs the appraisal report.(b) A federally regulated appraisal management company.(c) A department or unit within a financial institution that is subject to direct regulation by an agency of the United States government that is a member of the federal financial institutions examination council or its successor, or to regulation by an agency of this state, and receives a request for the performance of an appraisal from one employee of the financial institution, and another employee of the same financial institution assigns the request for the appraisal to an appraiser that is an independent contractor to the institution. An appraisal management company that is a wholly owned subsidiary of a financial institution shall not be considered a “department or unit within a financial institution” for purposes of this paragraph.(d) An appraisal management company that does not contract with independent appraisers for the performance of appraisal services. (2) An appraisal management company that is exempt from licensure under sub. (1) (b) may advertise as an appraisal management company but may not hold itself out as a licensed appraisal management company. (3) An appraisal management company that is exempt from licensure under sub. (1) (b) shall be considered a licensed appraisal management company for purposes of, and shall comply with the provisions of, ss. 458.35, 458.365, 458.37, 458.38, 458.39, 458.41, 458.43, and 458.44.History:  2017 a. 113.
WI Stat § 458.35 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.35 - Limitations.

458.35  Limitations. (1) No licensed appraisal management company may do any of the following:(a) Contract with an appraiser for the performance of an appraisal service unless the appraiser is a certified appraiser or licensed appraiser.(b) Employ any person in a position in which the person has the responsibility to request appraisal services from an appraiser or to review the results of completed appraisal services if the person has had a license or other credential to act as an appraiser in any state denied, canceled, revoked, or surrendered in lieu of revocation unless that license or other credential was later granted or reinstated.(c) Contract with an appraiser for the provision of appraisal services if the appraiser has had a license or other credential to act as an appraiser in any state denied, canceled, revoked, or surrendered in lieu of revocation unless the license or other credential was later granted or reinstated.(d) Contract with any person for the provision of appraisal services if the licensed appraisal management company knows or has reason to know that the person employs or is under contract with an independent appraiser or other person for the provision of appraisal services who, as a result of disciplinary action, has had a license or other credential to act as an appraiser in any state denied, canceled, revoked, or surrendered in lieu of revocation unless the license or other credential was later granted or reinstated. (2) No licensed appraisal management company or applicant for a license under s. 458.33 may be owned in whole or in part, directly or indirectly, by any of the following:(a) A person who, as a result of disciplinary action, has had a license or other credential to act as an appraiser in any state denied, canceled, revoked, or surrendered in lieu of revocation unless that license or other credential was later granted or reinstated.(b) A person that is more than 10 percent owned by another person if that other person, as a result of disciplinary action, has had a license or other credential to act as an appraiser in any state denied, canceled, revoked, or surrendered in lieu of revocation unless that license or other credential was later granted or reinstated.History:  2017 a. 113.
WI Stat § 458.36 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.36 - Designated controlling individuals.

458.36  Designated controlling individuals. Each applicant for a license under s. 458.33 shall designate one controlling individual who will be the primary contact for all communications between the department and the appraisal management company. An individual may be designated as a controlling individual under this section only if he or she meets all of the following criteria: (1) The individual is a certified appraiser. (2) The individual remains in good standing in this state and in any other state that has at any time issued the controlling individual an appraiser license or certification. (3) The individual has never had an appraiser license or certification in this state or any other state refused, denied, canceled, revoked, or surrendered in lieu of a pending disciplinary proceeding in any jurisdiction and not subsequently reinstated or granted. (4) The individual is of good moral character. (5) The individual submits to a background investigation under s. 458.33 (3).History:  2017 a. 113.
WI Stat § 458.365 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.365 - Appraisal management services in federally related transactions; annual registry fee required.

458.365  Appraisal management services in federally related transactions; annual registry fee required. Each licensed appraisal management company that performs or desires to perform appraisal management services in a federally related transaction shall pay to the department the annual registry fee required by the appraisal subcommittee or its successor agency.History:  2017 a. 113.
WI Stat § 458.38 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.38 - Compensation of appraisers.

458.38  Compensation of appraisers. (1) A licensed appraisal management company shall compensate appraisers at a rate that is reasonable and customary for appraisal services being performed in the market area of the property being appraised in accordance with 15 USC 1639e and rules promulgated under 15 USC 1639e. (2) In any report or other written communication to a client, lender, or other person pertaining to the cost of a specific appraisal assignment, a licensed appraisal management company shall separately state the following fees:(a) Any fee paid to the appraiser for the completion of the appraisal service.(b) Any fee charged to the client for the licensed appraisal management company's appraisal management services. (3) A licensed appraisal management company may not do any of the following:(a) Fail, except in cases of breach of contract or for other good cause, to make payment to an appraiser for the completion of an appraisal service within 30 days after the date on which the appraisal management company receives the completed appraisal service. An appraisal service is complete under this paragraph when the scope of work has been completed and the work product has been delivered to the client with any required certification or other signed document.(b) Include any fee for appraisal management services performed by the licensed appraisal management company in the amount the company reports as charges for the actual completion of an appraisal service by an appraiser.(c) Prohibit an appraiser from showing in an appraisal report or other document the fee that the licensed appraisal management company paid to the appraiser for the appraisal service.(d) Require an appraiser to state or affirm that any fees the licensed appraisal management company paid to the appraiser were reasonable and customary.History:  2017 a. 113.
WI Stat § 458.39 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.39 - Record keeping.

458.39  Record keeping. (1) A licensed appraisal management company shall maintain all of the following records for at least 5 years after the record is generated or 2 years after final disposition of any court proceeding concerning an appraisal service, whichever is later:(a) A written record of each request for an appraisal service and appraisal management services the licensed appraisal management company receives.(b) A written record of the identity of each appraiser who performs an appraisal service for the licensed appraisal management company.(c) A written record of all substantive communications between a licensed appraisal management company and an appraiser concerning an appraisal service or an independent appraiser's inclusion on an appraiser panel of the appraisal management company. (2) The department may audit the records of a licensed appraisal management company at any time to ensure compliance with this subchapter, rules promulgated under this subchapter, or the Uniform Standards of Professional Appraisal Practice described under s. 458.24.History:  2017 a. 113.
WI Stat § 458.42 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 458 - Real estate appraisers board.|458.42 - License number.

458.42  License number. (1) The department shall assign a unique license number to each licensed appraisal management company. The license number shall appear on each certificate of licensure the department issues under s. 458.33 (2). (2) The department shall publish a list of all current licensed appraisal management companies and their license numbers. (3) A licensed appraisal management company shall display its license number on all print or electronic advertising, on each solicitation for engagement on the appraisal management company's appraiser panel, and on each engagement letter used in connection with an appraisal assignment in this state.History:  2017 a. 113.