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

AB 557 updates Wisconsin's regulations for real estate appraisers and appraisal management companies. It raises the transaction value threshold for "residential appraiser" certification from $250,000 to $500,000 and establishes state-to-state reciprocity agreements to recognize appraiser credentials. The bill also requires appraisers to display their title and license number on reports and prohibits appraisal management companies from removing independent appraisers from their panels without specific justification. These changes directly affect licensed appraisers, appraisal management companies, and the Department of Financial Institutions overseeing credentialing.