South Dakota appraisal license information: SD real estate appraiser license rules & requirements

South Dakota Appraisal License Information
The South Dakota Department of Commerce and Regulation have identified four levels of real property appraisal classification: State-Registered Appraiser State-Licensed Appraiser State-Certified Residential Appraiser State-Certified General Appraiser
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.
State Regulatory Agency South Dakota Department of Commerce and Regulation Ms. Sherry Bren: Executive Director 445 E. Capitol Ave Pierre, SD 57501-3185 (605) 773-4608 Click for State Website

South Dakota Appraisal License Information