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CHAPTER 137.
Department of Labor, Licensing and Regulation- South Carolina Real Estate Appraisers Board
SECTION 100.
Definitions.
SUBSECTION 05.
Nonresidential Experience Hours.
137-100.05. Nonresidential Experience Hours.
The following hours may be awarded by the Board concerning property types when evaluating nonresidential appraisal experience:
Type of Appraisal
Sole Appraiser Hours Assigned
Co-Appraiser Hours Assigned
A.
Vacant Land:
20
15
(Undeveloped nonresidential tracts, residential multifamily sites, commercial sites, industrial sites, lands in transition, etc.)
B.
Rural/Agricultural:
(51 to 250 acres)
20
15
(more than 250 acres)
32
24
C.
Residential Multi-Family (5-12 units):
40
30
D.
Residential Multi-Family (13 units or more):
56
42
(apartments, condominiums, townhouses, mobile home parks, etc.)
(Apartments, condominiums, townhouses, mobile home parks, etc.)
E.
Commercial Single-Tenant:
40
30
(Office building, retail store, restaurant, service station, bank, day-care center, etc.)
F.
Commercial Multi-Tenant:
64
48
(Office building, shopping center, hotel/motel, etc.)
G.
Industrial:
(Warehouse, manufacturing plant, etc.)
Under 20,000 square feet
40
30
20,000 square feet or more
72
54
H.
Institutional:
72
54
(Nursing home, hospital, school, church, government building, etc.)
I.
Specialized or more complex properties
Hours to be determined by Board upon submission.
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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