South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:14 - APPRAISERS
Chapter 20:14:04 - Transactions requiring qualified appraisers
Section 20:14:04:06.01 - Appraisal by state-certified residential appraiser

Universal Citation: SD Admin Rules 20:14:04:06.01
Current through Register Vol. 50, page 114, March 25, 2024

A state-certified residential appraiser may perform any noncomplex nonresidential property appraisal with a transaction value of less than $400,000 and any one- to four-family residential property appraisal without regard to transaction value or complexity. This includes the appraisal of vacant or unimproved land that is utilized for one-to four-family purposes or for which the highest and best use is one-to four-family purposes. This does not include the appraisal of subdivisions for which a development analysis/appraisal is necessary. A state-certified residential appraiser is bound by the competency rule of the uniform standards and § 20:14:09:02.

General Authority: SDCL 36-21B-3(8).

Law Implemented: SDCL 36-21B-1, 36-21B-3(8).

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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