<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.s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0 { 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.s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000003 { 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="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:15:01"><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">20</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">:</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">14</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">:</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">15</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">:</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000000">01</span></a><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000001">.  Eligibility requirements.</span><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0"> </span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">To be eligible to enroll in the appraiser experience training program the candidate must:</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">    </span><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">(1)  Possess a registered trainee appraiser credential, in good standing, which includes completing the educational requirements specified in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:05:06.01"><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000003">20:14:05:06.01</span></a><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0"> and completing the education program course, including the course examination, for registered trainee appraisers specified in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:14:05:06.02"><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000003">20:14:05:06.02</span></a><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">; and</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">    </span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">(2)  Prior to enrollment, successfully complete the following hours of appraiser training based upon the credential being sought:</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">        (a)  For candidates seeking the state-licensed or state-certified residential appraiser credential, the candidate must complete sixty hours of residential appraiser education in the areas of:</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (i)  Residential market analysis and highest and best use - fifteen hours;</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (ii)  Residential appraiser site valuation and cost approach - fifteen hours; and</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (iii)  Residential sales comparison and income approaches - thirty hours.</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">        (b)  For candidates seeking the state-certified general appraiser credential, the candidate must complete one hundred fifty hours of approved general appraiser education in the areas of:</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (i)  General market analysis and highest and best use - thirty hours;</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (ii)  General sales comparison approach - thirty hours;</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (iii)  General income approach - sixty hours; and</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">            (iv)  General site valuation and cost approach - thirty hours.</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">    </span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000001">Source:</span><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0"> </span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">49 SDR 25, effective September 18, 2022; 49 SDR 48, effective November 22, 2022; 49 SDR 48, effective October 1, 2023.</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">    </span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000001">General Authority:</span><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000003">36-21B-3</span></a><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">(21).</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">    </span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000001">Law Implemented:</span><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-1"><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000003">36-21B-1</span></a><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21B-3"><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0-000003">36-21B-3</span></a><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">(21)</span><span class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669C0">.</span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p><p dir="ltr" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669P0"><span xml:space="preserve" class="s6b5b07e9-dfb8-4507-bd7e-fac41acf2669000002"> </span></p></div></body></html>