Any of the following is acceptable appraisal experience:

1. (1) Appraisal;
2. (2) Appraisal review;
3. (3) Appraisal consulting; and

4. (4) Mass appraisal.

   For a real estate lending officer or a real estate broker, acceptable appraisal experience includes the actual performance of a real estate appraisal or appraisal review.

   Acceptable experience does not require that there be a client in a traditional sense (e.g., a client hiring an appraiser for a business purpose) in order for an appraisal to qualify. Appraisals completed without a traditional client can meet any portion of the total experience requirement.

Source: 18 SDR 36, effective August 25, 1991; 24 SDR 91, effective January 8, 1998; 32 SDR 109, effective December 27, 2005; 32 SDR 109, adopted December 7, 2005, effective January 1, 2008; 35 SDR 175, effective January 1, 2009; 40 SDR 121, effective January 7, 2014 ; 44 SDR 27, effective August 14, 2017 ; 49 SDR 25, effective September 18, 2022 .

General Authority: SDCL 36-21B-3 ( 1 ) (17) .

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

Prior versions effective: 2017-08-14, 2014-01-07.