Supervisory appraisers must be State-Certified Residential or State-Certified General appraisers who have satisfied the requirements of a supervisory appraiser.
Requirements of a Supervisory Appraiser:
To become an endorsed supervisory appraiser you must:
You are responsible for affirming the Department's supervisory appraiser/state-registered applicant registration. For confirmation, see Supervisory Appraisers & State-Registered Appraisers Log.
A maximum of three state-registered appraisers may be supervised at one time.
Supervisory appraisers will be required to renew their supervisory appraiser status yearly on a renewal application form (valid July through March 31) provided by the Secretary along with the prescribed $100 renewal fee. The renewal application and fee must be submitted no later than August 17 of each year. The endorsement period is from October 1 through September 30 of the following year.
If you do not renew your supervisory appraiser endorsement and it expires on September 30, you have until March 31 of the following year 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. [Administrative Rule of South Dakota (ARSD) 20:14:100:04].
Training Course for Supervisory Appraisers
Both the supervisory appraiser and state-registered appraiser being supervised must attend and successfully complete the Department of Labor & Regulation, Appraiser Certification Program's approved course entitled: "Training Course for Supervisory Appraisers and State-Registered Appraisers" before supervision begins. (NOTE: This is the only course that satisfies this requirement.)
Visit www.paasd.com for course offering information. Verification of successful completion must be submitted to the Department.
This training course is awarded four hours of continuing education credit.
Executive Director, Sherry Bren
South Dakota Appraiser Certification Program
308 South Pierre Street
Pierre, SD 57501