ENTITLED, An Act to revise certain definitions regarding the appraiser certification program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 36-21B be amended by adding thereto a NEW SECTION to read as
follows:
For the purposes of this chapter, appraisal practice is any valuation service, including appraisal,
appraisal review, or appraisal consulting, performed by an individual acting as an appraiser.
Section 2. That § 36-21B-2 be amended to read as follows:
36-21B-2. For the purposes of this chapter, an appraisal is the act or process of developing an
opinion of value of real estate for another and for compensation.
Section 3. That § 36-21D-3 be amended to read as follows:
36-21D-3. For the purposes of this chapter, an appraisal is the act or process of developing an
opinion of value of real estate for another and for compensation.
An Act to revise certain definitions regarding the appraiser certification program.
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I certify that the attached Act
originated in the
SENATE as Bill No. 60
____________________________
Secretary of the Senate
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____________________________
President of the Senate
____________________________
Secretary of the Senate
____________________________
Speaker of the House
____________________________
Chief Clerk
Senate Bill No. 60
File No. ____
Chapter No. ______
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Received at this Executive Office
this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
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The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor
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STATE OF SOUTH DAKOTA,
ss.
Office of the Secretary of State
Filed ____________ , 20___
at _________ o'clock __ M.
____________________________
Secretary of State
By _________________________
Asst. Secretary of State
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