South Dakota will create a new licensing system for property data collectors (individuals who inspect properties and prepare reports for real estate financial transactions) and require companies that hire them to register with the Department of Labor and Regulation. This establishes state oversight of a profession that currently has no licensing requirements, distinguishing it from real estate appraisal. The bill also sets penalties for violations of these new licensing and registration rules.
This bill does not directly amend codified state law.
Commerce and Energy Deferred to the 41st legislative day Passed, YEAS 11, NAYS 2. H.J. 7
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 11
Prime sponsor · Sen.
R
Prime sponsor · Rep.
R
Cosponsors
Commerce and Energy — Deferred to the 41st legislative day