Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:14 - APPRAISERS
Chapter 20:14:05 - Qualifications for certification, licensure, and registration
Section 20:14:05:03.01 - Experience requirements for state-certified residential appraiser

S.D. Admin. R. 20:14:05:03.01

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Current through Register Vol. 50, page 162, June 24, 2024
Section 20:14:05:03.01 - Experience requirements for state-certified residential appraiser

An applicant for state-certified residential appraiser credential shall have a minimum of 12 months and 1,500 hours of appraisal experience of which at least 750 hours are in residential appraisal work. The applicant shall submit for review at least two small income-producing property appraisal reports. Each report shall include all three approaches to value. "Residential" is defined as one- to four-family residential units.

S.D. Admin. R. 20:14:05:03.01

23 SDR 113, effective 1/12/1997; 24 SDR 91, effective 1/8/1998; 27 SDR 99, effective 4/8/2001; 33 SDR 2, effective 7/19/2006; 34 SDR 67, effective 9/11/2007; 42 SDR 98, effective 1/5/2016; 44 SDR 27, effective 8/14/2017; 44 SDR 184, effective 6/25/2018

General Authority: SDCL 36-21B-3(7).

Law Implemented: SDCL 36-21B-1, 36-21B-3(7).