<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.sd4bef44a-32d5-45ea-aab6-a975f88e0983P0 { 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.sd4bef44a-32d5-45ea-aab6-a975f88e0983C0 { color: #000000; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001 { color: #000000; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd4bef44a-32d5-45ea-aab6-a975f88e0983000002 { color: #000000; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000003 { 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="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:05:07"><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000000">20:14:05:07</span></a><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001">.  Educational requirements for state-licensed appraiser -- Appraiser education.</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">The following educational requirements apply to state-licensed appraisers:</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (1)  </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">An applicant for examination as a state-licensed appraiser</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> credential</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">shall </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">complete</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> the</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">one hundred fifty</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> creditable class hours of approved qualifying education</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> specified in subsections (1)(a) to (1)(g),</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">inclusive, </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">which includes successful completion of each course examination. Acceptable education is:</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">a</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Basic appraisal principles -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">thirty</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">b</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Basic appraisal procedures -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">thirty</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">c</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">A fifteen-</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">hour qualifying course that covers the uniform standards;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">d</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential market analysis and highest and best use -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">fifteen</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">(</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">e</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential appraiser site valuation and cost approach -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">fifteen</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">f</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential sales comparison and income approaches -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">thirty</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours; and</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">g</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential report writing and case studies -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">fifteen</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">.</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">(2)  </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">A </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">registered trainee</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> appraiser </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">satisfies</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> the educational requirements for the state-licensed appraiser classification by completing the following additional educational hours</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">:</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">a</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential market analysis and highest and best use -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">fifteen</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">b</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential appraiser site valuation and cost approach -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">fifteen</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">c</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential sales comparison and income approaches -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">thirty</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours; and</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">d</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">)  Residential report writing and case studies -- </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">fifteen</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> hours</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">.</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    (3)  A registered trainee appraiser satisfies the educational requirements for the state-licensed appraiser classification by completing the following additional educational hours if the registered trainee appraiser is seeking the state-certified general appraiser credential and the experience includes nonresidential appraisal work:</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">        (a)  General market analysis and highest and best use -- thirty hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">        (b)  General sales comparison approach -- thirty hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">        (c)  General income approach -- sixty hours;</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">        (d)  General site valuation and cost approach -- thirty hours; and</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">        (e)  General report writing and case studies -- thirty hours</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">.</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001">Source:</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> 18 SDR 36, effective August 25, 1991; 19 SDR 12, effective August 3, 1992; 20 SDR 9, effective August 1, 1993; 21 SDR 49, effective September 18, 1994; 22 SDR 91, effective January 1, 1996; 23 SDR 113, effective January 12, 1997; 24 SDR 91, effective January 8, 1998; 32 SDR 109, adopted December 7, 2005, effective January 1, 2008; 33 SDR 2, adopted June 29, 2006, effective January 1, 2008; 35 SDR 175, effective January 1, 2009; 38 SDR 116, effective January 10, 2012; 38 SDR 214, effective June 21, 2012; 44 SDR 27, effective August 14, 2017</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">; 47 SDR 71, effective December 14, 2020; 49 SDR 48, effective November 22, 2022; 49 SDR 48, effective October 1, 2023</span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">.</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001">General Authority:</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000003">36-21B-3</span></a><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">(3)(6).</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001">Law Implemented:</span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-1"><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000003">36-21B-1</span></a><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000003">36-21B-3</span></a><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">(3)(6).</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    </span><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001">Cross-References:</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000001">    </span><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">Requirement for qualifying education credit, § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:13:03.01"><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000003">20:14:13:03.01</span></a><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">.</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">    Application for course approval, § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:13:07"><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0-000003">20:14:13:07</span></a><span class="sd4bef44a-32d5-45ea-aab6-a975f88e0983C0">.</span></p><p dir="ltr" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983P0"><span xml:space="preserve" class="sd4bef44a-32d5-45ea-aab6-a975f88e0983000002"> </span></p></div></body></html>