| South Dakota Appraisal Licensing Information | |
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The South Dakota Department of Commerce and Regulation have identified four levels of real property appraisal classification:
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South Dakota Appraiser License Requirements
The South Dakota Department of Commerce and Regulation has established the minimum educational requirements for an appraisal license. The minimum educational requirements include the following:
State-Registered Appraiser 75 hours, including 15 hours of ethics and standards. No experience requirements. May perform any noncomplex property appraisal with a transaction value of less than $250,000 and assist a licensed or certified appraiser in the preparation of federally related transaction purpose appraisals. College-level requirements: None State-Licensed Appraiser 150 hours, including 15 hours of ethics and standards. One thousand hours across at least 24 months. Any noncomplex non-residential property appraisal or complex one- to four-family residential property appraisal with a transaction value of less than $250,000 and any noncomplex one- to four-family residential property appraisal with a transaction value of less than $1,000,000. College-level requirements: None State-Certified Residential Appraiser 200 hours, including 15 hours of ethics and standards and narrative report writing. Twenty-five hundred hours across at least 24 months, including at least 1,250 hours of residential experience. Any noncomplex non-residential property appraisal with a transaction value of less than $250,000 and any one- to four-family residential property appraisal without regard to transaction value or complexity. College-level requirements: Associate degree or higher. In lieu of the required degree, 21 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law. State-Certified General Appraiser 300 hours, including 15 hours of ethics and standards and narrative report writing. Three thousand hours across at least 30 months, including at least 1,500 hours non-residential experience. Any type of property without regard to transaction value or complexity. College-level requirements: Bachelors degree or higher. In lieu of the required degree, 31 semester credit hours covering the following subject matter courses: English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics; Computer Science; and Business or Real Estate Law; and 2 elective courses in accounting, geography, ag-economics, business management, or real estate. IMPORTANT: For detailed information on understanding the 2008 Real Property Appraiser Qualification Criteria, please follow this link to the Appraisal Foundation. |
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State Regulatory Agency South Dakota Department of Commerce and Regulation Ms. Sherry Bren: Executive Director 118 West Capitol Pierre, SD 57501-2000 (605) 773-4608 Click for State Website |
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South Dakota Appraisal License Online
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