CHAPTER 137.
Department of Labor, Licensing and Regulation- South Carolina Real Estate Appraisers Board
SECTION 200.
01 Mass Appraisal Activity.
SUBSECTION 03.
Nonresidential Mass Appraisals.
137-200.03. Nonresidential Mass Appraisals.
The following categories pertain to various forms of appraiser involvement and the hourly values which may be awarded by the Board when evaluating nonresidential mass appraisal experience:
Type of Appraisal
Sole Appraiser Hours Assigned
Co-Appraiser Hours Assigned
1.
Vacant Land
New
2
1
Update
1
.50
2.
Rural Agricultural
New
2
1
(51 acres to 250 acres)
Update
1
.50
3.
Rural Agricultural
New
2
1
(more than 250 acres)
Update
1
.50
4.
Multi-Family
New
8
4
(5-12 units)
Update
4
2
5.
Multi-Family
New
12
6
(13 or more units)
Update
6
3
6.
Commercial
New
8
4
(single tenant)
Update
4
2
7.
Commercial
New
16
8
(multi-tenant)
Update
8
4
8.
Industrial
New
8
4
(under 20,000 square feet)
Update
4
2
9.
Industrial
New
12
6
(more than 20,000 square feet)
Update
6
3
10.
Institutional
New
12
6
Update
6
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; SCSR 46-5 Doc. No. 5100, eff May 27, 2022.
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