<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.sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0 { 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.sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0 { color: #000000; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000001 { color: #000000; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6000002 { color: #000000; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:05:05"><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000000">20:14:05:05</span></a><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000001">.  Acceptable experience.</span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0"> </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">Any of the following is a</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">cceptable appraisal experience:</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6000002"> </span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    (1)  Appraisal;</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    (2)  Appraisal review;</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    (3)  Appraisal consulting;</span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0"> and</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    (4)  Mass appraisal.</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6000002"> </span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">F</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">or a real estate lending officer or a real estate broker</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">,</span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0"> acceptable appraisal experience includes the actual performance of a real estate appraisal </span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">or appraisal </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">review.</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6000002"> </span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">Acceptable experience does not require that there be a client in a traditional sense (e.g., a client hiring an appraiser for a business purpose) in order for an appraisal to qualify. Appraisals completed without a traditional client can meet any portion of the total experience requirement</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">.</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6000002"> </span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000001">Source:</span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0"> 18 SDR 36, effective August 25, 1991; 24 SDR 91, effective January 8, 1998; 32 SDR 109, effective December 27, 2005; 32 SDR 109, adopted December 7, 2005, effective January 1, 2008; 35 SDR 175, effective January 1, 2009; 40 SDR 121, effective January 7, 2014</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">; 44 SDR 27, effective August 14, 2017</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">; 49 SDR 25, effective September 18, 2022</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">.</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000001">General Authority:</span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000003">36-21B-3</span></a><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">(</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">1</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">)</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">(17)</span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">.</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">    </span><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000001">Law Implemented:</span><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-1"><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000003">36-21B-1</span></a><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0-000003">36-21B-3</span></a><span class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6C0">.</span></p><p dir="ltr" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6P0"><span xml:space="preserve" class="sdf2d9c1e-702a-422e-b7d2-d6180f4ea7f6000002"> </span></p></div></body></html>