ARSD 20:69:10:01. Definitions

The following terms apply to this chapter: (1) "Analysis," the act or process of providing information, recommendations, or conclusions on diversified problems in real estate other than estimating value, for another and for compensation; (2) "Appraisal," the act or process of estimating value of real estate for another and for compensation; (3) "Cash flow analysis," an analysis of the anticipated movement of cash in or out of real estate; (4) "Feasibility analysis," an analysis of the cost-benefit relationship of an economic endeavor; (5) "Investment analysis," an analysis that reflects the relationship between acquisition price and anticipated future benefits of a real estate investment; (6) "Market analysis," an analysis of real estate market conditions for a specific type of property; (7) "Report," any communication, written or oral, of an appraisal, review, or analysis; and (8) "Review," the act or process of critically studying a report prepared by another, for another, and for compensation.