<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.scc6cbba4-8079-4e95-a431-3c93ec374ae3P0 { 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.scc6cbba4-8079-4e95-a431-3c93ec374ae3C0 { color: #000000; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000001 { color: #000000; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scc6cbba4-8079-4e95-a431-3c93ec374ae3000002 { color: #000000; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scc6cbba4-8079-4e95-a431-3c93ec374ae3C2 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; text-decoration: underline; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:01:01"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000000">20:14:01:01</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000001">.  Definitions.</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">Terms</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> used in this article</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> mean</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">:</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1)  "Appraisal</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the act or process of developing an opinion of value of real estate for another and for compensation;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (2)  "Appraisal Foundation</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">" the Appraisal Foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (3)  "Appraiser Qualifications Board</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the independent board of the Appraisal Foundation which sets the qualification standards for appraisers;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (4)  "Appraisal Standards Board</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the independent board of the Appraisal Foundation which sets the appraisal standards for appraisers;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (5)  "Appraisal Subcommittee</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the Appraisal Subcommittee of the Federal Financial Institutions Examination Council;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (6)  "Appraiser</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">a person who has been issued by the </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">d</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">epartment a state-certified general, state-certified residential, state-licensed, or </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">registered trainee</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> appraiser </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">credential</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> to perform appraisals;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (7)  "Bio-metric proctoring," continually verifying the identity of the student through processes, such as facial recognition, consistency in keystroke cadence, or the observation of activity in the testing location;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (8)  "Credential," the certificate, license, or registration issued to a successful applicant for state-certified general appraiser, state-certified residential appraiser, state-licensed appraiser, or registered trainee appraiser, as applicable;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">9</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Class hour</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> fifty</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> minutes out of each </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">sixty</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">-minute segment;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">10</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"Complex nonresidential property," the nonresidential property to be appraised, the form of ownership, or market conditions are atypical, as described in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:09"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">20:14:04:09</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (11)  </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"Complex one- to four-family residential property</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> residential</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> property to be appraised, the form of ownership</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> of the property</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">, or market conditions </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">of the property </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">are atypical</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">, as described in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:04:09"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">20:14:04:09</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">2</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Department</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the Department of Labor and Regulation;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">3</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Distance education</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">any education process based on the geographical separation of student and instructor;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (14)  "Evaluation," a valuation of real estate prepared for a federally insured depository institution for a transaction that, pursuant to regulations promulgated by one or more federal financial institution regulatory agencies, qualifies for the appraisal threshold exemption, business loan exemption, or subsequent transaction exemption;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">5</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Federal financial institutions regulatory agencies</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">any of the following</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> as applicable: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">or</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> the National Credit Union Administration;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">6</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "FDIC</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the Federal Deposit Insurance Corporation;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">7</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Financial institutions</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">institutions regulated by the FDIC, OCC, </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the Board of Governors of the Federal Reserve System</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">, and National Credit Union Administration;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (1</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">8</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "FIRREA</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the Financial Institution</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">s</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> Reform</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> Recovery</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> and Enforcement Act of 1989,</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> as amended,</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> Pub. L. No. 101-73</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> (August 9, 1989)</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">, 103 Stat. 183, 12 U.S.C. §§ 331</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">1, 3310 through 3351 as amended to July 21, 2010</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (19)  "Guidelines," the Interagency Appraisal and Evaluation Guidelines that were issued by the federal financial institutions regulatory agencies and the Office of Thrift Supervision on December 2, 2010;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">20</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "OCC</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the Office of the Comptroller of the Currency, Treasury Department;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">21</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Real estate</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">as defined in SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21A-11"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">36-21A-11</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (22)  "Registered trainee appraiser," an individual who has satisfied the requirements for the trainee level registration as a real estate appraiser, as prescribed in this article;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">23</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Secretary</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">the secretary of the </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">d</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">epartment;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (2</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">4</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "State-certified general appraise</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">r,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">an individual who has satisfied the requirements for the highest level of certification as a real estate appraiser as prescribed in this article;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (2</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">5</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "State-certified residential appraiser</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">an individual who has satisfied the requirements for the highest level of residential certification as a real estate appraiser as prescribed in this article;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (2</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">6</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "State-licensed appraiser</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">an individual who has satisfied the requirements for mid-level </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">licensure</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> as a real estate appraiser as prescribed in this article;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (2</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">7</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Tract development</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">a project of five units or more that is constructed or is to be constructed as a single development;</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (2</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">8</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Uniform standards</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">Uniform Standards of Professional Appraisal Practice, as incorporated in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:06:01"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">20:14:06:01</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">;</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> and</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    (</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">29</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">)  "Written examination</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">,</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">"</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">an exam written on paper, or administered electronically on a computer workstation or other device.</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000001">Source:</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> 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; 25 SDR 123, effective April 8, 1999; 26 SDR 120, effective March 27, 2000; 27 SDR 99, effective April 8, 2001; 30 SDR 58, effective November 5, 2003; 32 SDR 109, effective December 27, 2005; 38 SDR 116, effective January 10, 2012; 38 SDR 214, effective June 21, 2012</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">; 44 SDR 27, effective August 14, 2017</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">; 46 SDR 75, effective December 4, 2019</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">; 47 SDR 71, effective December 14, 2020; 49 SDR 25, effective September 18, 2022; 49 SDR 48, effective November 22, 2022; 49 SDR 48, effective October 1, 2023</span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">.</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000001">General Authority:</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">36-21B-3</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">(2).</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000001">Law Implemented:</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-1"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">36-21B-1</span></a><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000003">36-21B-3</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">(2).</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">    </span><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0-000001">Reference: Interagency Appraisal and Evaluation Guidelines</span><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">, adopted December 2, 2010, Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA). Copies may be obtained free of charge from </span><a href="https://www.fdic.gov/news/financial-institution-letters/2010/fil10082a.pdf"><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C2">https://www.fdic.gov/news/financial-institution-letters/2010/fil10082a.pdf</span></a><span class="scc6cbba4-8079-4e95-a431-3c93ec374ae3C0">.</span></p><p dir="ltr" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3P0"><span xml:space="preserve" class="scc6cbba4-8079-4e95-a431-3c93ec374ae3000002"> </span></p></div></body></html>