S.D. Admin. R. 20:14:04:07

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:14:04:07 - Appraisal by state-licensed appraiser

A state-licensed appraiser may perform any noncomplex nonresidential property appraisal or complex one- to four-family residential property appraisal with a transaction value of less than $400,000 and any noncomplex one- to four-family residential property appraisal with a transaction value of less than $1,000,000. This includes the appraisal of vacant or unimproved land that is utilized for one-to four-family purposes or for which the highest and best use is one-to four-family purposes. This does not include the appraisal of subdivisions for which a development analysis/appraisal is necessary. A state-licensed appraiser is bound by the competency rule of the uniform standards and § 20:14:09:02.

S.D. Admin. R. 20:14:04:07

18 SDR 36, effective 8/25/1991; 23 SDR 113, effective 1/12/1997; 24 SDR 91, effective 1/8/1998; 28 SDR 109, effective 2/7/2002; 32 SDR 109, effective 12/27/2005; 38 SDR 116, effective 1/10/2012; 47 SDR 071, effective 12/14/2020

General Authority: SDCL 36-21B-3(8).

Law Implemented: SDCL 36-21B-1, 36-21B-3(8).