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 state-certified general appraiser credentials . Acceptable alternative methods for appraisal experience are:

1. (1) Practicum courses that are approved by the Appraiser Qualifications Board Course Approval Program or another state appraiser regulatory agency;
2. (2) Practical Applications of Real Estate Appraisal (PAREA) programs approved by the Appraiser Qualifications Board Course Approval Program. Partial credit may not be granted for completing only a portion of a PAREA program. Experience credit must be granted upon verification of successful completion of an entire PAREA program for the state-licensed or state-certified residential appraiser credential, as applicable; and

3. (3) An experience training program administered in accordance with chapter 20:14:15.

   Reference: The Real Property Appraiser Qualification Criteria and Interpretations of the Criteria, effective January 1, 2022, The Appraisal Foundation, Appraiser Qualifications Board. Copies may be obtained from The Appraisal Foundation, free of charge at https://appraisalfoundation.org/imis/TAF/Standards/Qualification_Criteria/Qualification_Criteria_RP_/TAF/AQB_RPAQC.aspx?hkey=5ec61b8d-751b-4a97-90b1-9b3dae51beea.

Source: 49 SDR 25 , effective September 18, 2022; 49 SDR 48, effective November 22, 2022; 49 SDR 48, effective October 1, 2023 .

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

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

Prior versions effective: 2022-11-22, 2022-09-18.