An appraiser, performing any appraisal practice assignment, shall complete the assignment in compliance with the Uniform Standards of Professional Appraisal Practice, 2020-2021 Edition. The appraiser must also disclose in the appraisal practice assignment any steps taken that were necessary or appropriate to comply with the competency rule of the uniform standards. Edit: Necessary to adopt the new edition of USPAP.
S.D. Admin. R. 20:14:06:01
General Authority: SDCL 36-21B-3(3)(16).
Law Implemented: SDCL 36-21B-1, 36-21B-3(3).
Uniform Standards of Professional Appraisal Practice, 2020-2021 Edition, Appraisal Standards Board of the Appraisal Foundation. Copies may be obtained from the Appraisal Foundation website at www.appraisalfoundation.org or by calling 800-348-2831. Cost: $75 plus shipping and handling.