{"data":{"id":"us-sd/sdcl-36-21b-2","jurisdiction":"us-sd","citation":"SDCL § 36-21B-2","heading":"Definitions.","body":"Terms used in this chapter mean:\n(1) \"Appraisal,\" the act or process of developing an opinion of value of real estate for another and for compensation;\n(2) \"Appraisal practice,\" any valuation service, including appraisal, appraisal review, or appraisal consulting, performed by a person acting as an appraiser;\n(3) \"Evaluation,\" a valuation of real estate prepared for a federally insured depository institution for a transaction that, pursuant to regulations promulgated by one or more federal financial institution regulatory agency, qualifies for the appraisal threshold exemption, business loan exemption, or subsequent transaction exemption; and\n(4) \"Federal financial institution regulatory agency,\" the Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, or Board of Governors of the Federal Reserve System.","path":["TITLE 36. PROFESSIONS AND OCCUPATIONS","CHAPTER 36-21B. REAL ESTATE APPRAISERS"],"source_url":"https://sdlegislature.gov/Statutes/36-21B-2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"29f82a16d15911d38cfbae72c87cc2aa7fa13457f42b56f7dff6ff039f8507dc","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-36-21b-1","next":"us-sd/sdcl-36-21b-2.1"},"notice":"GroundRules: Original legal text. Not legal advice."}