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Rule 20:14:04:17 Responsibilities of the supervisory appraiser.

          20:14:04:17.  Responsibilities of the supervisory appraiser. The supervisory appraiser for a state-registered appraiser is responsible for the following:

 

          (1)  Training, guidance, and direct supervision of the state-registered appraiser;

          (2)  Mentoring of the state-registered appraiser;

          (3)  Personally inspecting:

 

               (a)  A minimum of 50 residential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-licensed or state-certified residential appraiser classification. If the state-registered appraiser seeking the state-licensed or state-certified residential appraiser classification includes the appraisal of nonresidential properties, the supervisory appraiser must personally inspect all nonresidential subject properties up to 25 properties with the state-registered appraiser; or

 

               (b)  A minimum of 25 nonresidential subject properties with the state-registered appraiser if the state-registered appraiser is seeking the state-certified general appraiser classification. If the state-registered appraiser seeking the state-certified general classification includes the appraisal of residential properties the supervisory appraiser must personally inspect all residential subject properties up to 50 properties with the state-registered appraiser.

 

          If the minimum personal inspections by the supervisory appraiser have been met and the state-registered appraiser does not demonstrate competence in the appraisal work as required in § 20:14:09:02, the supervisory appraiser must continue the personal inspections until competence is demonstrated.

 

          If a state-registered appraiser has more than one supervisory appraiser, all of the personal inspections of each of the supervisory appraisers may be totaled to meet the minimum personal inspections required by this subsection;

 

          (4)  Reviewing the state-registered appraiser's appraisal report to ensure adequately conducted research of general and specific data, proper application of appraisal principles and methodologies, sound analysis, and adequately developed analysis, opinions, or conclusions so that the appraisal report is not misleading;

 

          (5)  Reviewing the state-registered appraiser's work product and discussing any edits, corrections, or modifications that need to be made to that work product for compliance with the uniform standards as incorporated in § 20:14:06:01;

 

          (6)  Accepting sole and total responsibility for the appraisal report by signing the appraisal report and certifying that the appraisal report has been prepared in compliance with the uniform standards as incorporated in § 20:14:06:01; and

 

          (7)  Signing the state-registered appraiser's appraisal log as applicable in § 20:14:05:05.04.

 

          Source: 35 SDR 175, effective January 1, 2009; 36 SDR 112, effective January 11, 2010; 38 SDR 214, effective June 21, 2012.

          General Authority: SDCL 36-21B-3.

          Law Implemented: SDCL 36-21B-1, 36-21B-3(3)(16)(17).

 


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