S.D. Admin. R. 20:14:05:21

Current through Register Vol. 51, page 67, December 16, 2024

Section 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) Practicum courses that are approved by the Appraiser Qualifications Board Course Approval Program or another state appraiser regulatory agency;

(2) Practical Applications of Real Estate Appraisal (PAREA) programs approved by the Appraiser Qualifications Board Course Approval Program. Partial credit must 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) An experience training program administered in accordance with chapter 20:14:15.

S.D. Admin. R. 20:14:05:21

49 SDR 025, effective 9/18/2022; 49 SDR 048, effective 11/22/2022

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

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

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.