Training course for supervisory appraisers and registered trainee appraisers. The department shall develop a 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 individual serving as a training course instructor has met the following minimum requirements:

1. (1) Holds a South Dakota state-certified general or state-certified residential credential;
2. (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 the individual's legal eligibility to engage in appraisal practice for three years after the successful completion or termination of any sanctions imposed;
3. (3) Audited the training course a minimum of one time;
4. (4) Possesses institutional knowledge and understanding of Title XI of FIRREA, as amended by the Dodd-Frank Wall Street Reform Act of 2010;
5. (5) Possesses knowledge and understanding of the statutes and administrative rules in this state regarding appraisers;
6. (6) Co-instructed the training course with another instructor a minimum of two times or until the instructor determines that the individual demonstrates the ability to instruct the course independently; and
7. (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.

Source: 35 SDR 175, effective January 1, 2009; 44 SDR 27, effective August 14, 2017; 46 SDR 75, effective December 4, 2019 ; 49 SDR 48, effective November 22, 2022; 49 SDR 48, effective October 1, 2023 .

General Authority: SDCL 36-21B-3 (6) .

Law Implemented: SDCL 36-21B-1 , 36-21B-3 (6).

Prior versions effective: 2022-11-22, 2019-12-04, 2017-08-14, 2009-01-01.