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Latest Information from the Appraiser Certification Program
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Current Number of Certified Appraisers
- Notice to appraisers about not getting paid from AMCs for services
- The print version of the Real Estate VIEW newsletter (Newsletter), which contains our articles of appraiser interest, is being discontinued. Effective with the June/July 2012 issue, an electronic newsletter will be sent out via email. Please note that the appraiser section of the newsletter will continue to be posted on our website, and the entire newsletter will be posted on the South Dakota Real Estate Commission’s website.
- The National Registry fee has increased to $40 effective January 1, 2012 for all new applicants.
- Changes to the Real Property Appraiser Qualification Criteria effective January 1, 2015 were adopted by The Appraisal Foundation. See Summary of changes to the Real Property Appraiser Qualifications Criteria.
| Date/Time | Event | Location |
| May 16, 2013 1:30 p.m. |
Appraiser Advisory Council Meeting | South Dakota Department of Revenue Garden Level Conference Room Anderson Building 445 E. Capitol Avenue Pierre, South Dakota |
| May 16, 2013 |
Training Course for Supervising Appraisers and State-Registered Appraisers | Contact: www.paasd.com |
(As published in the Real Estate View, the newsletter of the South Dakota Real Estate Commission)
April 2013
February 2013
October 2012
August 2012
June 2012
April 2012
February 2012
December 2011
October 2011
August 2011
June 2011
April 2011
February 2011
December 2010
October 2010
August 2010
Latest Information from the Appraiser Certification Program
- Late Renewals – If your appraiser certificate expired on September 30, 2012 and you have not renewed, you have until March 31, 2013 in order to renew your certificate with a $25 late penalty fee for each month or fraction of a month that has passed since October 1, 2012.
[Per Administrative Rule of South Dakota (ARSD) 20:14:10:04.] - Late Supervisory Appraiser Renewals - If your supervising appraiser endorsement expired on September 30, 2012, you have until March 31, 2013 in order to renew your endorsement with a $25 late penalty fee for each month or fraction of a month that has passed since October 1, 2012. [Per ARSD 20:14:10:04]
- South Dakota state-registered, state-licensed, state-certified residential and state-certified general appraisers must complete the 2012-2013 edition of the seven-hour National USPAP Update Course prior to June 30, 2012. (Certified or licensed appraisers by reciprocity should review the administrative rules regarding continuing education requirements for reciprocal appraisers found in ARSD 20:14:13:01.01(3).
- Appraisal Management Companies are required by ARSD 20:77 to disclose their certificate of registration number within their engagement document with each utilized appraiser.
- Effective January, 2012 an appraiser is required, pursuant to ARSD 20:14, to assure that the Appraisal Management Company is properly registered before accepting an appraisal assignment and to include the company’s registration number in the appraisal report.
- Effective July 1, 2011 any person or entity acting as an appraisal management company or performing appraisal management services in this state, with limited exceptions, shall register with the Department of Labor and Regulation. Please see South Dakota Codified Law (SDCL) 36-21D and ARSD 20:77 to view the statutes and administrative rules regarding registration and supervision of Appraisal Management Companies. Access the Application for Registration (in Adobe .pdf format*).
Latest Information from the Appraisal Standards Board
2011 Questions & Answers 1-7, addressing the following topics:
- Advisory Opinion 13 (AO-13) Guidance
- Use of Distress Sales in Real Property Market Value Appraisals
- Does a Request for a "Final Inspection" Require Disclosure of Prior Services?
- Does Utilizing a Property as a Comparable Sale Require Disclosure of Prior Services?
- Adding a "Disclaimer" for Disclosure of Prior Services
- Revising Pre-Printed Certification to Disclose Prior Services
- Appraisal Fee Based on Outcome of Assignment
For more information, visit the Appraisal Standards Board's website.
Current Number of Certified Appraisers
As of May 5, 2013 |
|
| Appraiser Status | Number of Certified Appraisers |
Active Appraisers |
|
| State-Certified General | 190 |
| State-Certified Residential | 72 |
| State-Licensed | 61 |
| State-Registered | 62 |
Inactive Appraisers |
9 |
Contact Us
Executive Director, Sherry Bren
South Dakota Appraiser Certification Program
308 South Pierre Street
Pierre, SD 57501
Phone: 605.773.4608
Fax: 605.773.5405
email: appraisercertification@state.sd.us
*Opening and printing Adobe .pdf files requires Adobe Acrobat Reader. Click here as needed to download the free Adobe Acrobat Reader.
700 Governors Drive
Pierre, SD 57501-2291
Tel. 605.773.3101
Fax. 605.773.6184
