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2021 South Dakota Codified Laws
Title 36 - Professions and Occupations
Chapter 21A - Real Estate Licensing
Section 36-21A-12.2 - Broker price opinion and comparative market analysis defined.
Universal Citation: SD Codified L § 36-21A-12.2 (2021)
36-21A-12.2. Broker price opinion and comparative market analysis defined.
For the purposes of this chapter, the terms, broker price opinion and comparative market analysis, mean an estimate prepared by a licensed broker or salesperson that details the probable selling price or leasing price of a particular parcel of or interest in real property and provides a varying level of detail about the property's condition, market and neighborhood, and information on comparable properties, but does not include an automated valuation model. A broker price opinion or a comparative market analysis is not an appraisal.
Source: SL 2013, ch 178, ยง1.
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