Wis. Admin. Code Department of Safety and Professional Services SPS 85.425

Current through September 30, 2024
Section SPS 85.425 - Qualifying college-level education
(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.
(2) The department shall consider an applicant to meet the requirements under sub. (1) if, during the 5 years immediately preceding the date of application, the applicant has been a licensed appraiser and has not been subject to any adverse, final, and non-appealable disciplinary action affecting eligibility to engage in appraisal practice.

Wis. Admin. Code Department of Safety and Professional Services SPS 85.425

Adopted by, CR 18-104: cr. Register December 2019 No. 768, eff. 1/1/2020