<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000005 { margin-top: 0; margin-bottom: 0; margin-left: 1.30in; margin-right: 0; text-indent: -1.30in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } </style></head><body><div><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0"><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0">CHAPTER </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:04"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000000">20:14:04</span></a></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0"><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52000001"> </span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0">TRANSACTIONS REQUIRING QUALIFIED APPRAISERS</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0"><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52000001"> </span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0"><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52000001"> </span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">Section</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:01"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:01</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Federally related transactions.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:02"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:02</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Real estate-related transactions.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:03"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:03</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Transaction value.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:04"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:04</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Appraisal not required.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:05"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:05</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Threshold levels.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:06"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:06</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Appraisal by state-certified general appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:06.01"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:06.01</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">    Appraisal by state-certified residential appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:07"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:07</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Appraisal by state-licensed appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:08"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:08</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Presumption that one- to four-family residential properties are not complex.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:09"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:09</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Final determination of complexity.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:10"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:10</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Appraisal by either a state-certified general, state-certified residential, or state-licensed appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:11"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:11</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        </span><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">Appraisal by state-registered appraiser, Repealed.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:12"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:12</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        </span><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">Assistance by registered trainee appraiser in preparation of appraisal reports.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:12.01"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:12.01</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">    </span><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">Registration of supervisory appraiser by registered trainee appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:12.02"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:12.02</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">    </span><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">Responsibility of a registered trainee appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:13"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:13</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Supervisory appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:14"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:14</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Requirements of a supervisory appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:15"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:15</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Application for supervisory appraiser approval.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:16"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:16</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Supervisory appraiser approval renewal.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:16.01"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:16.01</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">    Supervisory appraiser late renewal.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:17"><span class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000004">20:14:04:17</span></a><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52C0-000003">        Responsibilities of supervisory appraiser.</span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52000001"> </span></p><p dir="ltr" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52P0-000002"><span xml:space="preserve" class="s64a12cb2-e8dd-46f9-8a0c-ee97d2c33c52000001"> </span></p></div></body></html>