S.D. Admin. R. 20:14:13:13

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

Section 20:14:13:13 - Training course for supervisory appraisers and registered trainee appraisers

The department shall develop the training course and provide it to providers of appraisal education as listed in § 20:14:13:05 desiring to offer the course. The provider shall ensure that each training course instructor has met the following minimum requirements:

(1) Holds a South Dakota state-certified general or state-certified residential credential;

(2) Is in good standing in this state or any other jurisdiction in which the appraiser holds a certified appraiser credential and has not been subject to any disciplinary action within any jurisdiction that affects legal eligibility to engage in appraisal practice for three years after the successful completion or termination of any sanctions imposed;

(3) Audited the training course a minimum of one time;

(4) Possesses institutional knowledge and understanding of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended by the Dodd-Frank Wall Street Reform Act of 2010;

(5) Possesses knowledge and understanding of the statutes and administrative rules in this state regarding appraisers;

(6) Co-instructed the training course with an instructor a minimum of two times or until the instructor determines that the individual demonstrates the ability to instruct the course independently; and

(7) Holds the department's supervisory appraiser endorsement and has supervised a minimum of one registered trainee appraiser to successful upgrade or is currently supervising a registered trainee appraiser.

S.D. Admin. R. 20:14:13:13

35 SDR 175, effective 1/1/2009; 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(6).