Wisconsin Administrative Code › Department of Safety and Professional Services › SPS 1-299 - Professional Services › SPS 80-99 - Residential and General Appraisers › Chapter SPS 88 - Real Estate Appraisal Management Companies › Section SPS 88.120 - Unprofessional and unethical conduct

Current through June 24, 2024
For purposes of s.
					 458.44(3)
					 (b), Stats., unprofessional or unethical
					 conduct of an applicant or licensed appraisal management company or a
					 controlling individual of an applicant or licensed appraisal management company
					 includes any of the following:
(1)
				  Refusing upon request to comply in a timely manner with an audit of records
				  under s.
				  458.39(2),
				  Stats. There is a rebuttable presumption that a real estate appraisal
				  management company that takes longer than 10 business days to respond to a
				  request by the department for records or other information related to an audit
				  has not acted in a timely manner under this subsection.
(2) Knowingly providing false or misleading
				  information in a notification under s.
				  458.43(1)
				  (a) or (b), Stats.
(3) Failing to reinstate an appraiser upon
				  order of the department under s.
				  458.43(2)
				  (c), Stats.
(4) Refusing to assign appraisal services to,
				  or otherwise penalizing or retaliating against, an appraiser who has been
				  reinstated under s.
				  458.43(2)
				  (c), Stats.
(5) Willfully failing to file a report or
				  record required by the department or under state or federal law, willfully
				  impeding or obstructing the filing of such a report or record or inducing
				  another person to impede or obstruct such filing by another person, or making
				  or filing such a report or record that is known to be false.
(6) Making a false or misleading
				  representation concerning the results of an appraisal.
(7) Obtaining or attempting to obtain
				  compensation for appraisal management services by fraud, including billing for
				  services not rendered.
(8)
				  Revealing confidential information concerning an appraiser or client without
				  consent, except as required or authorized by law.
(9) Failing to notify the department in
				  writing within 30 days of any disciplinary action against a license or other
				  credential to act as a real estate appraisal management company in any
				  jurisdiction.
(10) Failing to
				  notify the department in writing of the date, place, and nature of a felony or
				  misdemeanor conviction or finding in any jurisdiction within 48 hours after the
				  entry of the felony or misdemeanor judgement or conviction.
(11) Failing to cooperate in a timely manner
				  with an investigation of a complaint filed against the real estate appraisal
				  management company. There is a rebuttable presumption that a real estate
				  appraisal management company that takes longer than 10 business days to respond
				  to a request by the board or department for information related to a complaint
				  has not acted in a timely manner under this subsection.
(12) Having a license or other credential to
				  act as a real estate appraisal management company in any state denied, refused,
				  canceled, revoked, or surrendered in lieu of revocation, unless the license or
				  other credential was later granted or reinstated.
(13) Any other act that demonstrates to the
				  department a lack of good moral character.