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Bills · 2025-2026 Regular Session

SB 543

Died at session end Official bill text Atom feed

Relating to: regulation and credentialing of appraisers and appraisal management companies.

Real property — Agent or appraiser Reciprocity

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Current law provides for the certification and licensure of various levels of real estate appraisers and the licensure of appraisal management companies (AMCs). This bill makes various changes regarding the regulation and credentialing of appraisers and AMCs, including all of the following:

1. Repealing a requirement that a real estate appraiser licensure applicant be at least 18 years old.

2. Increasing the value of a commercial real estate transaction in which a certified residential appraiser may conduct an appraisal. Under current law, a certified residential appraiser may conduct appraisals in commercial real estate transactions valued at up to $250,000. The bill raises this limit to $500,000.

3. Expressly providing that an AMC that is a subsidiary owned and controlled by a financial institution regulated by a federal financial institution regulatory agency is not required to be licensed as an AMC.

4. Repealing language allowing a licensed AMC to remove without notice an independent appraiser from its appraiser panel within the first 60 days after the appraiser is added to a licensed AMC’s appraiser panel.

5. Removing other obsolete language, including a transitional licensure provision that no longer has any effect.

Sponsors

Introduced by: Dassler-Alfheim (D) , L. Johnson (D) , Roys (D) , Spreitzer (D) , Wall (D)

13 cosponsors

DeSmidt (D) , J. Jacobson (D) , Joers (D) , Kirsch (D) , Miresse (D) , Ortiz-Velez (D) , Palmeri (D) , Rivera-Wagner (D) , Roe (D) , Sinicki (D) , Spaude (D) , Stroud (D) , Stubbs (D)

Registered lobbying interests · 1

Organizations that registered lobbying activity on this bill with the Wisconsin Ethics Commission. Registration means interest, not a position for or against. Official record

Full history

  1. Oct 17, 2025 · Senate

    Introduced by Senators Wall, Dassler-Alfheim, L. Johnson, Roys and Spreitzer; cosponsored by Representatives Kirsch, Spaude, DeSmidt, Joers, Miresse, Ortiz-Velez, Palmeri, Rivera-Wagner, Roe, Sinicki, Stroud and Stubbs

  2. Oct 17, 2025 · Senate

    Read first time and referred to Committee on Licensing, Regulatory Reform, State and Federal Affairs

  3. Feb 9, 2026 · Senate

    Representative J. Jacobson added as a cosponsor

  4. Mar 23, 2026 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1