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

SB 543 updates Wisconsin's appraiser licensing rules by raising the maximum transaction value for residential appraisals from $250,000 to $500,000, allowing appraisers to handle more expensive properties without additional certification. It revises reciprocity agreements to streamline certification for out-of-state appraisers, requiring mutual agreements between Wisconsin and other states' regulatory bodies. The bill also clarifies the title appraisers must display on reports, permitting "Wisconsin certified residential appraiser" for commercial properties up to $500,000 or residential properties. These changes primarily affect residential appraisers, appraisal management companies, and the process for obtaining or renewing credentials.