Wisconsin Administrative Code › Department of Safety and Professional Services › SPS 1-299 - Professional Services › SPS 80-99 - Residential and General Appraisers › Chapter SPS 85 - Real Estate Appraisers › Subchapter IV - Certified Residential Appraiser › Section SPS 85.425 - Qualifying college-level education

Current through June 24, 2024
(1) Except as
					 provided under sub. (2), an applicant shall satisfy one of the following
					 requirements:
(a) A bachelor's degree or
					 higher in any field of study from an accredited, degree-granting college or
					 university.
(b) An associate's
					 degree from an accredited, degree-granting college or university in a field of
					 study related to one of the following:
1.
					 Business administration.
2.
					 Accounting.
3. Finance.
4. Economics.
5. Real estate.
(c) Successful completion of 30 semester
					 hours of college-level courses from an accredited, degree-granting college or
					 university. The 30 semester hours shall include all of the following:
1. Three semester hours in English
					 composition.
2. Three semester
					 hours in microeconomics.
3. Three
					 semester hours in macroeconomics.
4. Three semester hours in finance.
5. Three semester hours in algebra, geometry,
					 or higher mathematics.
6. Three
					 semester hours in statistics.
7.
					 Three semester hours in computer science.
8. Three semester hours in business law or
					 real estate law.
9. Two elective
					 courses of 3 semester hours each. Each course shall be in the subject area of
					 accounting, geography, agricultural economics, business management, real
					 estate, or one of the subject areas under subds. 1. to 8.
(d) Successful completion of all of the
					 following CLEP examinations:
1. College
					 Algebra.
2. College
					 Composition.
3. College Composition
					 Modular.
4. College
					 Mathematics.
5. Principles of
					 Macroeconomics.
6. Principles of
					 Microeconomics.
7. Introductory
					 Business Law.
8. Information
					 Systems.
(e) Successful
					 completion of any combination of the college-level courses and examinations
					 under pars. (c) and (d) that is equivalent to at least 30 semester hours and
					 applicable to all of the subject matter under par. (c). For purposes of this
					 paragraph, all of the following shall apply:
1. The examination under par. (d) 1. is
					 equivalent to 3 semester hours and applicable to algebra, geometry, statistics,
					 or higher mathematics.
2. The
					 examination under par. (d) 2. is equivalent to 6 semester hours and applicable
					 to English composition.
3. The
					 examination under par. (d) 3. is equivalent to 3 semester hours and applicable
					 to English composition.
4. The
					 examination under par. (d) 4. is equivalent to 6 semester hours and applicable
					 to algebra, geometry, statistics, or higher mathematics.
5. The examination under par. (d) 5. is
					 equivalent to 3 semester hours and applicable to macroeconomics or
					 finance.
6. The examination under
					 par. (d) 6. is equivalent to 3 semester hours and applicable to microeconomics
					 or finance.
7. The examination
					 under par. (d) 7. is equivalent to 3 semester hours and applicable to business
					 law or real estate law.
8. The
					 examination under par. (d) 8. is equivalent to 3 semester hours and applicable
					 to computer science.