20:14:13:01.01.  Continuing education not required. The continuing education requirement as specified in § 20:14:13:01 is not required if any of the following conditions are met:

          (1)  A state-registered appraiser's certificate was issued in the previous 12 months beginning on or after October 1 of the previous even-numbered year and before September 30 of the current odd-numbered year;

          (2)  A state-certified general, state-certified residential, or state-licensed appraiser's certificate was issued in the previous 185 days before September 30 of the current odd-numbered year. However, this subdivision applies to first-time applicants only and not to applicants that have been issued an upgrade of a license or certificate; or

          (3)  An appraiser is certified or licensed by reciprocity. However, the appraiser must demonstrate possession of a current appraiser certificate and be in good standing in the state of domicile.

          Source: 21 SDR 49, effective September 18, 1994; 23 SDR 113, effective January 12, 1997; 25 SDR 123, effective April 8, 1999; 30 SDR 115, effective February 2, 2004; 32 SDR 109, effective December 27, 2005; 34 SDR 67, effective September 11, 2007.

          General Authority: SDCL 36-21B-3(6)(9).

          Law Implemented: SDCL 36-21B-3(6).