The following terms apply to this chapter:
- (1) "Analysis," the act or process of providing information, recommendations, or conclusions on diversified problems in real estate other than estimating value, for another and for compensation;
- (2) "Appraisal," the act or process of estimating value of real estate for another and for compensation;
- (3) "Cash flow analysis," an analysis of the anticipated movement of cash in or out of real estate;
- (4) "Feasibility analysis," an analysis of the cost-benefit relationship of an economic endeavor;
- (5) "Investment analysis," an analysis that reflects the relationship between acquisition price and anticipated future benefits of a real estate investment;
- (6) "Market analysis," an analysis of real estate market conditions for a specific type of property;
- (7) "Report," any communication, written or oral, of an appraisal, review, or analysis; and
- (8) "Review," the act or process of critically studying a report prepared by another, for another, and for compensation.
Source: 15 SDR 100, effective January 10, 1989; transferred from § 20:56:18.01:01, 20 SDR 18, effective August 16, 1993.
General Authority: SDCL 36-21A-89.
Law Implemented: SDCL 36-21A-89.