S.D. Admin. R. 20:14:05:05.05

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

Section 20:14:05:05.05 - Experience - Review of appraisals by secretary midway to upgrade

When a registered trainee appraiser has achieved at least fifty percent of the experience hours required to upgrade to the state-licensed, state-certified residential, or state-certified general appraiser credential, the registered trainee appraiser may request from the secretary an appraisal review of an appraisal completed by the registered trainee appraiser. The registered trainee appraiser may submit a maximum of two appraisals for review pursuant to this section.

The appraisal review shall be for compliance with:

(1) The uniform standards, as adopted pursuant to § 20:14:06:01;

(2) The additional assignment conditions, as required pursuant to § 20:14:06:01.01; and

(3) The competency requirement pursuant to § 20:14:09:02.

The department shall provide a copy of the appraisal review report to the registered trainee appraiser and the supervisory appraiser.

If the appraisal review reveals that the appraisal is not in compliance, the secretary may prescribe remedial education. The secretary may not take disciplinary action against the registered trainee appraiser or the supervisory appraiser for non-compliant appraisal work found pursuant to this section.

If the appraisal review reveals that the appraisal is in compliance, the registered trainee appraiser shall be granted credit for the compliant appraisal report when the registered trainee appraiser applies to upgrade to a higher appraiser credential.

S.D. Admin. R. 20:14:05:05.05

42 SDR 36, effective 9/20/2016; 44 SDR 27, effective 8/14/2017; 49 SDR 048, effective 11/22/2022

General Authority: SDCL 36-21B-3(3)(7)(17)(18).

Law Implemented: SDCL 36-21B-1, 36-21B-3(1)(3)(7)(17)(18).

State-certified general appraiser experience, § 20:14:05:04, State-certified residential appraiser experience, § 20:14:05:03.01, State-licensed appraiser experience, § 20:14:05:03.