458.03 General duties and powers of department and board. - Wisconsin Statutes

458.03

458.03 General duties and powers of department and board.

458.03(1)

(1) In addition to the other duties and powers of the department under this chapter, the department shall do all of the following:

458.03(1)(a)

(a) Grant and issue certificates to appraisers.

458.03(1)(b)

(b) Subject to the procedure under s. 458.05, promulgate rules establishing criteria for the approval of educational and continuing educational programs and courses of study for appraisers and establishing criteria for the approval of the courses required under ss. 458.06 (2) (d) and 458.08 (2) (d).

458.03(1)(c)

(c) Submit to the board a copy of any legislation proposed by the department relating to appraisers or to the board, prior to introduction in the legislature.

458.03(1)(d)

(d) Transmit the annual registry fees paid to the department under s. 458.21 to the federal financial institutions examination council or its successor agency.

458.03(1)(e)

(e) Promulgate rules specifying the types of real estate that may be appraised by licensed appraisers.

458.03(1)(f)

(f) Promulgate rules specifying the manner in which certified appraisers and licensed appraisers shall place their titles, as described in s. 458.055, and certificate numbers on appraisal reports and written appraisal agreements.

458.03(2)

(2) The department may prepare letters and bulletins and conduct clinics disseminating information to appraisers.

458.03(3)

(3) In addition to the other duties and powers of the board under this chapter, the board shall do all of the following:

458.03(3)(a)

(a) Advise the secretary on matters relating to appraisers or to the board.

458.03(3)(b)

(b) At least once each year, transmit to the appraisal subcommittee of the federal financial institutions examination council, or its successor agency, a roster listing the names and addresses of certified appraisers and licensed appraisers.

458.03(4)

(4) The board does not have rule-making authority.

458.03 - ANNOT.

History: 1989 a. 340; 1991 a. 39, 78; 1993 a. 3; 1997 a. 225.