South Dakota Administrative Code

20:14:05:02.00. Examination approval -- Time limit. An applicant for a state-certified general, state-certified residential, or state-licensed appraiser credential approved to take the National Uniform Appraiser Examination shall successfully complete the examination within 24 mo…

20:14:05:02.01. Experience requirements for registered trainee appraiser. An applicant for a registered trainee appraiser credential is not required to have any appraisal experience. After being issued a credential by the department, a registered trainee appraiser may accumulate …

Rule 20:14:05:03 Experience requirements for state-licensed appraiser 20:14:05:03. Experience requirements for state-licensed appraiser. An applicant for state-licensed appraiser credential shall have a minimum of 6 months and 1,000 hours of appraisal experience. Source: 18 SDR 3…

Rule 20:14:05:03.01 Experience requirements for state-certified residential appraiser. 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 …

Rule 20:14:05:04 Experience requirements for state-certified general appraiser. 20:14:05:04. Experience requirements for state-certified general appraiser. An applicant for a state-certified general appraiser credential shall have a minimum of 18 months and 3,000 hours of apprais…

20:14:05:05. Acceptable experience. Any of the following is acceptable appraisal experience: (1) Appraisal; (2) Appraisal review; (3) Appraisal consulting; and (4) Mass appraisal. For a real estate lending officer or a real estate broker, acceptable appraisal experience includes …

Rule 20:14:05:05.01 Experience -- Review of appraisals by secretary. 20:14:05:05.01. Experience -- Review of appraisals by secretary. The secretary may review appraisals completed by an applicant. The secretary may select the appraisals from an appraisal log submitted by the appl…

Rule 20:14:05:05.02 Experience -- Documentation requirements. 20:14:05:05.02. Experience -- Documentation requirements. Appraisal reports submitted as documentation of experience must comply with the generally accepted uniform standards of professional appraisal practice as incor…

Rule 20:14:05:05.03 Experience -- Time spent on the appraisal process. 20:14:05:05.03. Experience -- Time spent on the appraisal process. The experience requirements must be satisfied by the time spent on the appraisal process. The appraisal process consists of analyzing factors …

Rule 20:14:05:05.04 Experience -- Time limit. 20:14:05:05.04. Experience -- Time limit. No experience obtained before February 1, 1989, may be used to meet the experience requirements of this chapter. Source: 32 SDR 109, effective December 27, 2005. General Authority: SDCL 36-21B…

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 ap…

Rule 20:14:05:06 Experience -- Verification. 20:14:05:06. Experience -- Verification. An applicant shall, upon request of the secretary, verify appraisal experience credit claimed by submitting documentation in the form of reports, certifications, or file memoranda, or, if such r…

20:14:05:06.01. Educational requirements for registered trainee appraiser. An applicant for a registered trainee appraiser credential shall complete seventy-five creditable class hours of approved qualifying education in § 20:14:05:06.01 within the five-year period before the dat…

20:14:05:06.02. Education program for registered trainee appraiser. An applicant for a registered trainee appraiser credential shall complete an education program pursuant to § 20:14:04:12.02 prior to issuance of the credential. The education program classroom hours are not eligi…

20:14:05:07. Educational requirements for state-licensed appraiser -- Appraiser education. The following educational requirements apply to state-licensed appraisers: (1) An applicant for examination as a state-licensed appraiser credential shall complete the one hundred fifty cre…

20:14:05:07.01. Educational requirements for state-certified residential appraiser -- Appraiser education. The following educational requirements apply to state-certified residential appraisers: (1) An applicant for examination as a state-certified residential appraiser credentia…

Rule 20:14:05:07.02 Educational requirements for state-certified residential appraiser -- General education. 20:14:05:07.02. Educational requirements for state-certified residential appraiser -- General education. An applicant for the state-certified residential appraiser credent…

Rule 20:14:05:07.03 Repealed. 20:14:05:07.03. Educational requirements for state-licensed appraiser -- General education. Repealed. Source: 38 SDR 214, adopted June 21, 2012, effective July 1, 2014; 42 SDR 98, effective January 5, 2016; 44 SDR 27, effective August 14, 2017; 44 SD…

Rule 20:14:05:07.04 Alternative to general educational requirements of the state-certified residential appraiser credential for state-licensed appraiser. 20:14:05:07.04. Alternative to general educational requirements of the state-certified residential appraiser credential for st…

20:14:05:08. Educational requirements for state-certified general appraiser -- Appraiser education. The following educational requirements apply to state-certified general appraisers: (1) An applicant for examination as state-certified general appraiser credential shall have comp…

Rule 20:14:05:08.01 Educational requirements for state-certified general appraiser -- General education. 20:14:05:08.01. Educational requirements for state-certified general appraiser -- General education. Applicants for the state-certified general appraiser credential shall hold…

Rule 20:14:05:08.02 Education -- Real estate degree. 20:14:05:08.02. Education -- Real estate degree. Credit toward qualifying education requirements may also be obtained through the completion of a degree in real estate from an accredited degree-granting college or university ap…

Rule 20:14:05:09 Repealed. 20:14:05:09. Education emphasis -- Courses.Repealed. Source: 18 SDR 36, effective August 25, 1991; 22 SDR 91, effective January 1, 1996; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:05:10 Transferred. 20:14:05:10. Transferred to § 20:14:13:03.01.

Rule 20:14:05:11 Education -- Time limit. 20:14:05:11. Education -- Time limit. There is no time limit for obtaining qualifying education credit for state-certified general, state-certified residential, and state-licensed appraiser credentials. Source: 18 SDR 36, effective August…

Rule 20:14:05:12 Repealed. 20:14:05:12. Education -- Credit granted by challenge exam. Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 32 SDR 109, effective December 27, 2005. Rule 20:14:05:12.01 Substitution of education. 20:14:05:12.01. Substitution of educati…

Rule 20:14:05:12.01 Substitution of education. 20:14:05:12.01. Substitution of education. Experience may not be substituted for education. Source: 32 SDR 109, effective December 27, 2005. General Authority: SDCL 36-21B-3(7). Law Implemented: SDCL 36-21B-3(1)(7).

Rule 20:14:05:13 Transferred. 20:14:05:13. Transferred to § 20:14:13:01.

Rule 20:14:05:14 Transferred. 20:14:05:14. Transferred to § 20:14:13:02.

Rule 20:14:05:15 Transferred. 20:14:05:15. Transferred to § 20:14:13:03.

Rule 20:14:05:16 Transferred. 20:14:05:16. Transferred to § 20:14:13:04.

Rule 20:14:05:17 Transferred. 20:14:05:17. Transferred to § 20:14:13:05.

Rule 20:14:05:18 Repealed. 20:14:05:18. Transitional state license.Repealed. Source: 18 SDR 36, effective August 25, 1991; 19 SDR 12, effective August 3, 1992; 20 SDR 9, effective August 1, 1993; repealed, 22 SDR 91, effective January 1, 1996.

20:14:05:19. Upgrade of credential. To qualify to upgrade a credential, a registered trainee, state-certified residential, or state-licensed appraiser must: (1) Submit an application as prescribed in § 20:14:03:01; (2) Submit an appraisal log for review, as prescribed in § 20:14:…

Rule 20:14:05:20 Repealed. 20:14:05:20. Upgrade from state-registered to state-licensed appraiser -- Challenge to experience requirements -- Denial of challenge.Repealed. Source: 20 SDR 9, effective August 1, 1993; 22 SDR 91, effective January 1, 1996; repealed, 23 SDR 113, effec…

20:14:05:21. Acceptable alternative appraisal experience. Experience obtained through an alternative method other than the traditional supervisor and registered trainee appraiser model must satisfy the experience requirements for state-licensed, state-certified residential, and s…

20:14:06:01. Compliance with uniform standards. An appraiser performing any appraisal practice assignment shall complete the assignment in compliance with the Uniform Standards of Professional Appraisal Practice, 2024 Edition. The appraiser shall also disclose in the appraisal pr…

Rule 20:14:06:01.01 Assignment conditions. 20:14:06:01.01. Assignment conditions. An appraiser shall comply with assignment conditions applicable to assignments prepared for specific purposes or property types issued by government agencies, government sponsored enterprises, or ot…

Rule 20:14:06:01.02 Reporting of appraisal management company registration number. 20:14:06:01.02. Reporting of appraisal management company registration number. An appraiser who performs an appraisal for an appraisal management company shall assure that the company is properly r…

Rule 20:14:06:02 Repealed. 20:14:06:02. Market value.Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:03 Repealed. 20:14:06:03. Format and form requirements.Repealed. Source: 18 SDR 36, effective August 25, 1991; 20 SDR 9, effective August 1, 1993; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:04 Repealed. 20:14:06:04. Prior sales -- Time periods.Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:05 Repealed. 20:14:06:05. Revenues, expenses, and vacancies.Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:06 Repealed. 20:14:06:06. Marketing period.Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:07 Repealed. 20:14:06:07. Market conditions and trends.Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:08 Repealed. 20:14:06:08. Proposed construction, leases, and unsold units.Repealed. Source: 18 SDR 36, effective August 25, 1991; repealed, 23 SDR 113, effective January 12, 1997.

Rule 20:14:06:09 Repealed. 20:14:06:09. Additional statement in certification.Repealed. Source: 18 SDR 36, effective August 25, 1991; 22 SDR 91, effective January 1, 1996; repealed, 23 SDR 113, effective January 12, 1997.