Property Valuation
A Wisconsin appraiser performing an appraisal for a federally related transaction must be:
AA member of the Wisconsin REALTORS® Association
BLicensed or certified under Wisconsin's real property appraisal law✓ Correct
CA licensed real estate broker
DApproved by the local municipality
Explanation
Appraisers performing appraisals for federally related transactions must hold a state appraiser license or certification under Wisconsin's appraiser licensing law (Wis. Stat. Chapter 458).
Related Wisconsin Property Valuation Questions
- An 'economic life' of a Wisconsin building refers to:
- A Wisconsin appraiser who discovers that the subject property has an illegal addition (unpermitted construction) should:
- Anticipation as an appraisal principle in Wisconsin means that value is influenced by:
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- Under USPAP, a Wisconsin appraiser who accepts an assignment with a predetermined conclusion ('bring it in at $X') is:
- Wisconsin appraisers use USPAP (Uniform Standards of Professional Appraisal Practice) because:
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