S.D. Admin. R. 20:69:10:01

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

Section 20:69:10:01 - Definitions

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.

S.D. Admin. R. 20:69:10:01

15 SDR 100, effective 1/10/1989; transferred from

General Authority: SDCL 36-21A-89.

Law Implemented: SDCL 36-21A-89.