CHAPTER 137.
Department of Labor, Licensing and Regulation- South Carolina Real Estate Appraisers Board
SECTION 200.
01 Mass Appraisal Activity.
SUBSECTION 01.
Mass Appraisal Activity.
137-200.01. Mass Appraisal Activity.
(A) Appraisal experience may be obtained through mass appraisal activity when applicants can demonstrate that after receiving information supplied by the lister the person claiming mass appraisal experience credit inspected the subject property, determined the quality or classification of the property, estimated the depreciation of the improvements, determined the land or lot value based on market sales of comparable properties adjusted to the subject property, and reviewed the estimated value of the property against comparable sales in order to ensure the value estimate approximated market value.
(B) Ad valorem appraisal experience may be obtained through individual property appraisals utilizing the entire appraisal process.
HISTORY: Added by State Register Volume 19, Issue No. 6, eff June 23, 1995. Amended by State Register Volume 25, Issue No. 5, Part 2, eff May 25, 2001; State Register Volume 38, Issue No. 6, Doc. No. 4426, eff June 27, 2014; SCSR 42-5 Doc. No. 4766, eff May 25, 2018.
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