S.D. Admin. R. 20:14:04:17

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

Section 20:14:04:17 - Responsibilities of the supervisory appraiser

The supervisory appraiser for a registered trainee appraiser is responsible for:

(1) Training, guidance, and direct supervision of the registered trainee appraiser;

(2) Mentoring of the registered trainee appraiser;

(3) Personally inspecting:

(a) A minimum of 25 residential subject properties with the registered trainee appraiser if the registered trainee appraiser is seeking the state-licensed or state-certified residential appraiser credential. If the registered trainee appraiser seeking the state-licensed or state-certified residential appraiser credential includes the appraisal of nonresidential properties, the supervisory appraiser shall personally inspect all nonresidential subject properties up to 15 properties with the registered trainee appraiser; or

(b) A minimum of 15 nonresidential subject properties with the registered trainee appraiser if the registered trainee appraiser is seeking the state-certified general appraiser credential. If the registered trainee appraiser seeking the state-certified general appraiser credential includes the appraisal of residential properties the supervisory appraiser shall personally inspect all residential subject properties up to 25 properties with the registered trainee appraiser.

If the minimum personal inspections by the supervisory appraiser have been met and the registered trainee appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser shall continue the personal inspections until competence is demonstrated.

If a registered trainee appraiser has more than one supervisory appraiser, all of the personal inspections of each of the supervisory appraisers may be totaled to meet the minimum personal inspections required by this subdivision;

(4) Reviewing the registered trainee appraiser's appraisal report to ensure adequately conducted research of general and specific data, proper application of appraisal principles and methodologies, sound analysis, and adequately developed analysis, opinions, or conclusions so that the appraisal report is not misleading;

(5) Reviewing the registered trainee appraiser's work product and discussing any edits, corrections, or modifications that need to be made to that work product for compliance with the uniform standards as incorporated in § 20:14:06:01;

(6) Accepting full responsibility for the appraisal report by signing the certification certifying that the appraisal report has been prepared in compliance with the uniform standards as incorporated in § 20:14:06:01;

(7) Signing the registered trainee appraiser's appraisal log as applicable in § 20:14:05:05.01; and

(8) Jointly maintaining an appraisal log with each registered trainee appraiser on a form provided by the secretary that includes each appraisal performed by the registered trainee appraiser to ensure it is accurate. Separate appraisal logs must be maintained for each registered trainee appraiser.

S.D. Admin. R. 20:14:04:17

35 SDR 175, effective 1/1/2009; 36 SDR 112, effective 1/11/2010; 38 SDR 214, effective 6/21/2012; 41 SDR217, effective 6/29/2015; 44 SDR 27, effective 8/14/2017; 46 SDR 075, effective 12/4/2019; 49 SDR 048, effective 11/22/2022

General Authority: SDCL 36-21B-3.

Law Implemented: SDCL 36-21B-1, 36-21B-3(3)(16)(17).