ARSD 20:14:04:07. Appraisal by state-licensed appraiser

A state-licensed appraiser may perform any noncomplex nonresidential property appraisal with a transaction at or below the applicable threshold level established pursuant to § 20:14:04:05 or complex one- to four-family residential property appraisal with a transaction value of less than $400,000 and any noncomplex one- to four-family residential property appraisal with a transaction value of less than $1,000,000. This includes the appraisal of vacant or unimproved land that is utilized for one-to four-family purposes or for which the highest and best use is one-to four-family purposes. This does not include the appraisal of subdivisions for which a development analysis/appraisal is necessary. A state-licensed appraiser is bound by the competency rule of the uniform standards and § 20:14:09:02.