64:04:01:06.01Certificate

of value. The form for the certificate of value required by SDCL 7-9-7 and 10-13-40 is the PT-56. The form must include the following: (1) The name, current and new mailing addresses, and phone numbers of the buyers and sellers; (2) The legal description and, for unplatted properties, the number of acres; (3) If the property is owner-occupied and is the property occupied by the buyer on a certain date; (4) If the buyer will have owner-occupied status; (5) If the property was offered for sale to the general public and whether the property was sold by the owner or an agent; (6) If there existed a relationship between the buyer and seller, and the actual consideration exchanged; (7) Any major item of personal property and the property's value that was included in the total purchase price and the adjusted price paid for the real estate; (8) The terms of payment, if not paid in full at the time of sale; and (9) The signature of one party or agent.

Source: 17 SDR 199, effective July 1, 1991; 21 SDR 219, effective July 1, 1995; 26 SDR 18, effective August 19, 1999; 47 SDR 71, effective December 10, 2020.