South Dakota Statutes

§ 36-21D-11 — Permissible conduct.

South Dakota·Title 36 PROFESSIONS AND OCCUPATIONS·Ch. 36-21 APPRAISAL MANAGEMENT COMPANIES

No appraisal management company violates § 36-21D-10 solely by asking a real estate appraiser to:

(1)Consider additional, appropriate property information;
(2)Provide further detail, substantiation, or explanation for the appraiser's value conclusion; or (3) Correct errors in the appraisal report. An appraisal management company may retain a real estate appraiser from panels or lists on a rotating basis; supply an appraiser with information the appraiser is required to analyze under the appraisal standards adopted by the department, such as agreements of sale, options, and listings of the property to be valued; and withhold payment of an appraisal fee based on a bona fide dispute regarding the appraiser's compliance with the appraisal standards adopted by the Department of Labor

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South Dakota § 36-21D-11 (Permissible conduct.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2011, ch 184, § 11.

Nearby Sections

15
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