Instructor Development Workshop - South Dakota
May/June 2013In this issue from the SouthDakota Real EstateCommission: From the Director Instructor DevelopmentWorkshop I think spring is finally here and it’s about time! I’d like welcome David Bonde as ournewest commissioner. Commissioner Bonde is a public member. I look forward toworking with David. His knowledge of economic development and real estate is a greatattribute to the Commission. I would also like to congratulate Commissioner MarkWahlstrom who was recently reappointed by Governor Daugaard to serve a 3-year term.Commissioner Wahlstrom brings a wealth of knowledge to the Commission in regard totitle work, as well as a non-licensee’s perspective.Bonde Appointed toCommission From the DirectorCommercial PropertyInspections Commission Actions New LicenseesIn this issue from the SouthDakota Appraiser CertificationThe Real Estate Commission, with assistance from the South Dakota Association ofREALTORS , is in the process of working on making changes on residential forms andcreating commercial forms. I will keep you posted on this as progress is being made.Responsible brokers — please make sure you have a written policy in place regarding theprocedures to follow when an associate moves to another brokerage. By doing so, thetransition will go more smoothly and the clients will be better served.Reminder - It’s never too early to begin working on your continuing educationrequirements.Program: New Office Address New Licensees/Upgrades Complaint Update What is a True ComparableSale? USPAP Advisory OpinionSouth Dakota RealEstate CommissionMelissa MillerExecutive Director221 W. Capitol Ave.,Suite 101Pierre, SD 57501Phone: 605.773.3600Fax: 605.773.4356South Dakota AppraiserCertification ProgramSherry BrenExecutive Director445 E. Capitol Ave.Pierre SD 57501Phone: 605.773.4608Fax: 605.773.5369Have a wonderful spring/summer!Instructor Development WorkshopInterested in teaching real estate classes, but don’t know where to start? The SouthDakota Real Estate Commission is hosting an Instructor Development Workshop in PierreJune 5-6 at the Governor’s Inn. This workshop is open to all licensees, from thosecurrently teaching real estate classes to individuals just thinking about it! There is no costto attend this workshop.Workshop facilitator will be Marie Spodek, DREI. Spodek is a nationally recognized realestate educator, speaker, and trainer committed to improving the quality of real estateinstruction at every level from pre-entry to sales to instructing. Often described as an“instructor’s instructor,” Spodek is a senior instructor of REEA’s Instructor DevelopmentWorkshop (IDW) and wrote its Course Development Workshop (CDW) in 1999. Buildingcase studies, writing exam questions, creating group activities and encouraging studentengagement are just a few of the topic areas that will be covered in this workshop.For more information, contact Karen Callahan, SDREC Education Director atKaren.callahan@state.sd.us.Commission CalendarMay 27 – Memorial Day – SDREC Office ClosedJuly 4 – Independence Day – SDREC Office ClosedJuly 17-18 – Commission Meeting - Pierre
Bonde Appointed to CommissionGovernor Dennis Daugaard has appointed David Bonde ofFort Pierre to the SD Real Estate Commission. Bonde willserve in one of the public member positions on theCommission.Mr. Bonde received a Master of Education Degree fromSDSU and spent over 17 years working for the State in thearea of vocational education, including eight years as theState Director. He currently is the Executive Director of theFort Pierre Development Corporation.He has held numerous positions within a variety of charitableand civic organizations and is a current member of the PierreFort Pierre Historic Preservation Commission.Bonde and his wife, Linda, have two children and five grandchildren. Welcome Dave!Commercial Property InspectionsThe SDREC office often gets questions from home inspectors, real estate agents andconsumers regarding inspections of commercial buildings.While the regulation of home inspectors falls under the authority of the SD Real EstateCommission, it is limited to residential buildings, which is defined as “a structureconsisting of not more than four family dwelling units.”The standards of practice outlined in administrative rule in the Home Inspector LicenseLaw manual are not intended to limit inspectors from performing services in addition tothose required by the standards of practice. However, in the event of a problem arisingfrom an inspection of a commercial building, the SDREC complaint process is not likelyan applicable recourse for consumers. Home inspectors also need to be cautious whenperforming duties beyond those that are covered under the home inspection standardsof practice, that they are not engaging in activities that require a professional license,such as an engineer or electrician.Due diligence is critical for both the home inspector and the consumer seeking aninspection of a commercial property. Home inspectors should consult their errors andomissions insurance companies to determine whether their insurance provides coveragefor this type of inspection. They should also be prepared to refer their clients to theappropriate professionals such as engineers, electricians, plumbers, HVAC technicians,etc. as the extent of the inspection will likely need to go beyond what is visual in nature.Consumers should also understand that services provided by home inspectors may notbe sufficient in determining the condition of a commercial property, the suitability of theproperty for specialized use, and compliance or noncompliance with regulatory orbuilding requirements. They should be prepared to seek the services of licensedprofessionals whose scope of practice includes services that are more technicallyexhaustive.New Appraisal Complaint Hotline (used with permission from ARELLO)The Appraisal Subcommittee (ASC) of the Federal Financial Institutions ExaminationCouncil (FFIEC) recently launched its new Appraisal Complaint National Hotline, asrequired by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010(Dodd-Frank). In addition to the appraiser independence requirements codified by DoddFrank, the federal legislation required the ASC to establish the hotline to “receivecomplaints of non-compliance with appraisal independence standards and UniformStandards of Professional Appraisal Practice [USPAP], including complaints fromappraisers, individuals or other entities concerning the improper influencing or attemptedimproper influencing of appraisers or the appraisal process.”2 Page
The resulting website, http://refermyappraisalcomplaint.asc.gov, helps complainantsto determine the appropriate state/federal authority with which such complaintsshould be filed. The website selects and provides contact information for the properrecipient of complaints based on responses to questions and menu selection s thatsort the complaint type, subject, type of transaction, etc. The Hotline is not designedto initiate complaints, act on behalf of complainants, arbitrate or followup oncomplaints, or assist with outcome appeals. Complaint intake is handled accordingto the protocols of the receiving state or federal agency. However, the Hotlinewebsite offers resources that enable complainants to determine the nature of theircomplaints, including explanations of appraisal independence standards and otherrelevant information. Complainants can access the Hotline through the website, thewebsite’s email link, or through the Hotline call center at 877-739-0096.Commission ActionsThe following actions by the Commission have become effective since the last report inthe newsletter. A Stipulation and Assurance of Voluntary Compliance is a settlementagreement between a licensee and the Real Estate Commission and constitutes neitheran admission nor a denial of any violation. A Consent Agreement and Order is anadmission of violation and voluntary acceptance of the terms determined by theCommission in lieu of a formal hearing. Findings of Fact, Conclusions of Law, andOrder is the result of a formal hearing. A suspension held “in abeyance” is one wherethe Commission has set aside the suspension provided the licensee comply with all ofthe other terms of the agreement.Craig Olson, Larchwood, IA, Broker. Suspension of license from January 1 to March31, 2013 for failing to meet the requirements of a Consent Agreement and Order.Scott Grebner, Aberdeen, Broker. Findings of Fact, Conclusions of Law, andOrder. Violation of 36-21A-80, 36-21A-82 and 36-21A-71(5) for failure to account fortrust account money, failure to reconcile trust account on a monthly basis and failure tomake trust account records available for inspection by the commission upon request.Suspension of license for one year, to be held in abeyance provided all terms of theOrder are met; Administrative fine of 2,500 and completion of the 15-hour ResponsibleBroker course.Raymond J (Joe) Duling, Gregory, Broker. Consent Agreement. Violations of thefollowing: 36-21A-84 for collecting a commission on a transaction that had notconcluded; 36-21A-132 for failing to exercise reasonable skill and care for his client andto promote the interest of the client with the utmost good faith, loyalty and fidelity due tohis personal interest in purchasing his client’s property; 36-21A-71(37) for purchasingthe listed property and charging a commission without obtaining the written consent ofthe principal to such provision; 36-21A-71(20) & (31) for failing to deal fairly with allparties to a transaction by failing to promptly give the client every written offer topurchase; 36-21A-71(13) for failing to disclose to an owner in writing his intention topurchase the listed property himself; 36-21A-71 (30)-(33) for failing to protect andpromote the interest of the client by misleading potential buyers, failing to properlynegotiate offers and gaining undue influence over the client that lead to denial of offers.Administrative fine of 2,500, completion of 6 hours of education in contracts, six hoursof education in agency and the 15-hour Responsible Broker course. Mr. Duling’s licenseis suspended for a period of six months beginning April 1, 2013. The suspension shallbe lifted as of October 1, 2013 provided all other conditions of the Consent Order aremet.3 Page
New LicenseesBroker AssociateBahmuller, Daniel A - SpearfishBelitz, Bethany A – Sioux FallsBonnema, Paige M – HarrisburgBrewers, Jeffrey J – Sioux FallsBusse, William – Rapid CityEgan, Jessica M – Sioux FallsGill, Brian J – SpearfishHorlock, Patricia S – HermosaKallis, Henry E – SpearfishKonechne, Tobias V – Sioux FallsLintvedt, Mark L – PreshoMiller, Pamela K – BrandonNelson, Lisa J – Rapid CityOde, Paul N – BrandonPate, Mary M – Sioux FallsPhillips, Jessie L – WatertownRichards, Jeffry D – Rapid CitySmith, Laurie A – HuronVan Alyne, Peggy L – BrandonWilliamson, Sarah L – Rapid CityBee, Teresa L – Sioux FallsBeukelman, Dwight D – Sioux FallsBowman, Kendra M – SturgisBrose, Gregory R – Rapid CityDunham, Ashley M – Sioux FallsEizinger, Jonathan D – Rapid CityHeadrick, Abigail E – BrandonJankord, Heather A – Rapid CityKlock, Tony L – Rapid CityLeonard, Gregory G – Sioux FallsLuther, Larissa A – Sioux FallsMunz, Eric D – MitchellNess, Jeanie C – Hendricks, MNO’Farrell, Lance A – CoronaPham, Elizabeth M – Sioux FallsRaber, Angela – Belle FourcheRoss, Justin P – Sioux FallsStilton, Gregg E – Rapid CityWeissenburger, Rachael A – Sioux FallsBrokerAsarch, Chad G – Denver, COJohnson, Robin K – AberdeenOkerlund Matchan, Hope E – S. FallsSteffes, Jane – HendricksBrownell, Betsy A – Rapid CityLaSala, Carl A – Overland Park, KSSimmons, Cassie L – WhitewoodProperty ManagerChidester Bloom, Janet K – SpearfishHoppe, Lori A – SturgisSmith, Jared M – Sioux FallsHeafner, Ellen M – Hot SpringsPlank, Elizabeth A – Rapid CityRegistered Home InspectorGlover, James L – PierreJohnson, Anthony W – AuroraSalter, Jeff – Rapid CityHart, Douglas J – HuronKing, John L – NislandSalespersonDrent, Kristie – Sioux City, IASchneider, Kenneth L – Linton, NDResidential Rental AgentGray, Jana K – Sioux Falls4 Page
In this issue from the SouthAppraiser UpdateDakota Real EstateCommission: From the Director Instructor DevelopmentAppraiser Certification Program Office Has MovedThe mailing address is as follows:Workshop Bonde Appointed toCommission Commercial PropertyAppraiser Certification Program308 South Pierre StreetPierre, South Dakota 57501-3137Inspections Commission Actions New LicenseesIn this issue from the SouthDakota Appraiser CertificationProgram: New Office Address New Licensees/Upgrades Complaint Update What is a True ComparableSale? USPAP Advisory OpinionSouth Dakota RealEstate CommissionMelissa MillerExecutive Director221 W. Capitol Ave.,Suite 101Pierre, SD 57501Phone: 605.773.3600Fax: 605.773.4356South Dakota AppraiserCertification ProgramSherry BrenExecutive Director445 E. Capitol Ave.Pierre SD 57501Phone: 605.773.4608Fax: 605.773.5369The telephone number remains the same, 605.773.4608. The facsimile numberhas changed to 605.773.5405.New Licensees – March/April 2013Barbara J. Hegerfeld, State-Registered – Brookings, SDMegan N. Warner, State-Certified General – Olathe, KSJames M. Slivovsky, State-Certified Residential – Western Springs, ILMatthew J. Saskowski, State-Certified General – West Des Moines, IAWilliam G. Wright, State-Certified General – Plano, TXCrystal Freund, State-Registered – Mitchell, SDUpgrades Issued April / May 2013Elizabeth Neuharth, State-LicensedTimothy O’Hara, State-LicensedAMCs – Issued Registration in SD April 2013AMR Appraisals, Inc. - 5000 Executive Parkway # 520, San Ramon, CA 94583Axios Valuation Solutions, LLC - 9151 Boulevard 26, Suite 400, North Richland Hills,TX 76180Value Trend Solutions, LLC - 1641 East Osborn Road # 8, Phoenix, AZ 85016Wasatch Front Appraisal Network, Inc. - 1930 East Nations Way, Holladay, UT 84121AMC – No Longer Doing Business in South DakotaNational Real Estate Information ServicesComplaints Investigation and Upgrade ReviewsFor the period January 1, 2013 through May 13, 2013, the Department has initiated sixcomplaint investigations and two upgrade reviews.Complaints – Six cases pending.Upgrades – Two cases pending.5 Page
What is a True Comparable Sale?(Courtesy of the North Carolina Appraiser Board Appraisereport – Volume 23, March 2013,Number 1)In looking at a sale to see if it may be used in an appraisal, the appraiser must makesure that the sale reflected an arm’s length transaction. There are generally fiveelements of an arm’s length transaction.1. The buyer and seller are typically motivated.2. Both parties are well informed or well advised, and each is acting in what they considertheir best interest.3. A reasonable time was allowed for exposure in the open market.4. Payment was made in terms of cash in the United States Dollars or in terms of afinancial arraignment comparable thereto.5. The price represents the normal consideration for the property sold unaffected byspecial or creative financing or sales concessions.If any of these tests are not met, the sale may only be used with appropriate discussionand adjustment. A client may have additional requirements, such as that the sale mustbe less than 6 months old or within a certain distance from the subject. It is theappraiser’s responsibility to be familiar with and comply with those guidelines.Source of dateYour source of data for your comparable sales must have sufficient information so thatyou can understand the conditions of sale, existence of financing concessions, physicalcharacteristics of the subject property, and whether it was an arms-length transaction.Competency requires that you have the ability to locate home sales informationavailable from many sources, not just a Multiple Listing Service. A local MLS is a goodsource of data, but should not be considered the only source an appraiser may utilize inselecting comparable sales. In some areas, tax records or private databases providemore comprehensive data. A FSBO (for sale by owner) property could be a reasonablecomparable sale if it had been properly marketed. Some builders do not utilize the MLSfor their subdivisions, preferring to do some or all of the sales themselves. If a propertyhas not been marketed on MLS or another regional database, the appraiser must makesure that the property was exposed to the open market for a reasonable time before itcan be used. Also remember that Fannie Mae requires you to state the specific sourceof your data; they do not allow the use of a broad category such as “public records”.VerificationRemember, Standards Rule 1-4 of USPAP requires that you collect, verify and analyzeall of the data used in the report. For example, if you collect comparable salesinformation from MLS, you then verify the information by checking with the listing orsales agent, the tax office, or another source. If there is any discrepancy betweenthese two sources, you must continue to research the sale until you are confident thatthe information you will use in your analysis is correct. This is especially important ifyou receive verbal information or a HUD-1 that conflicts with public records.Anappraiser cannot state that the verification source is “inspection”.Information in MLS may not be accurate and may report a sale that was not arm’slength. There are some instances where real estate agents may report a land/homepackage sale on MLS. Sometimes you will see a remark that the sale is for informationpurposes only and is not to be used as a comp. Even if the sale is reported on theMLS, that does not make it a legitimate, arm’s length transaction.It is not appropriate to simply obtain a list of sales from a developer’s sales office, andthen verify with the tax office or a HUD-1 settlement statement that the sale took place.By doing this, you are verifying only the sale, not the conditions of the sale. The HUD-1may provide some additional information, such as closing costs, but it does not addressthe question as to whether a reasonable time was allowed for exposure in the openmarket.6 Page
Using foreclosure salesIn the current economy, foreclosures have skyrocketed and REO sales have becomecommon in many areas. Lenders may be more willing to accept a short sale to avoidforeclosure. The problem with using these sales is that in many instances the buyersand sellers are not typically motivated. The seller may want to unload the property assoon as possible, not caring about the final price received. The buyer may takeadvantage of this and make an offer much lower than what they are willing to pay. Theproperties themselves are often sold “as is”, without any repair or inspectioncontingency. Given these problems, FHA and other lenders “strongly discourage” theuse of foreclosure sales or short sales as comparables.In areas where there are only a few distress sales, it is easy to ignore them ascomparable. In some areas, however, there are so many foreclosure sales that theyhave become the market for that area and buyers will not pay full price for a homeabsent special financing or concessions. As a result, there could be a longer marketingtime and resultant decline in value in the area. These factors should be noted in themarketing conditions section of the appraisal report or on the 1004 MC. In thiscircumstance, using a foreclosure sale might be warranted, if adequate research isdone and the use of the sale is explained in the report.RecordkeepingYou should also be careful to correctly identify both your data source and verificationsource, and to keep in your workfile a copy of the information relied upon for theappraisal. For example, if you use MLS as your data source and tax records as yourverification source, you should have a copy of the MLS sheet and tax record in your file.MLS and tax records may be changed or deleted before the end of the 5 year retentionperiod for the workfile, and it is important that you ca
“instructor’s instructor,” Spodek is a senior instructor of REEA’s Instructor Development Workshop (IDW) and wrote its Course Development Workshop (CDW) in 1999. Building case studies, writing exam questions, creating group activities and encouraging student engagement are just a few of the topic areas that will be covered in this workshop.
by March 1887. Sioux Falls was home to both the conference office and the Tract Society (renamed the Book and Bible House in 1924).10 South Dakota Conference (1889-1895) From 1889, when the Dakota Territory became the States of North and South Dakota, until 1895, the Dakota Conference was known as the South Dakota Conference.
Board, South Dakota Hall of Fame Board Member, South Dakota Rodeo Association Board, United State Team Penning Association Board, National Cutting Horse Association, Masonic Member of Joppa Lodge, El Riad Shrine Member, South Dakota House of Representatives from 2011- 2012 and the South Dakota Senate from 2012- 13. He
XSEDE HPC Monthly Workshop Schedule January 21 HPC Monthly Workshop: OpenMP February 19-20 HPC Monthly Workshop: Big Data March 3 HPC Monthly Workshop: OpenACC April 7-8 HPC Monthly Workshop: Big Data May 5-6 HPC Monthly Workshop: MPI June 2-5 Summer Boot Camp August 4-5 HPC Monthly Workshop: Big Data September 1-2 HPC Monthly Workshop: MPI October 6-7 HPC Monthly Workshop: Big Data
South Dakota Community Transformation Grant Application 09 Category B-Implementation South Dakota State Dept of Health Pierre Hughes SD-000 812,383 46 Prevention and Public Health Fund/Other ACA Funds Comprehensive Chronic Disease Prevention Collaborative Chronic Disease, Health Promotion, and Surveillance Program South Dakota State Dept of Health
In 2016 there were 2,687 arrests in 46 counties across South Dakota with 64 pounds of meth seized and 9 labs found. The South Dakota Youth Risk Behavior Survey (YRBS) indicates that South Dakota youth have higher rates of trying meth at 3.8% compared to the national avaerage of 3%. Methamphetamine Stats A t-A-Glance /p div class "b_factrow b_twofr" div class "b_vlist2col" ul li div strong File Size: /strong 1MB /div /li /ul ul li div strong Page Count: /strong 25 /div /li /ul /div /div /div
Consequently, the South Dakota became the first battleship since 1. U. S., Department of the Navy, Naval History Division, Ships' Histories Section, "History of USS South Dakota (BB 57)," n.d., p. 1. The armored cruiser was renamed because construction of a new, state-of-the-art battleship to be called the South Dakota had begun in 1920.
Irish immigrant John Keating, is buried in Deadwood, SD. Photo by Museum of the South Dakota State Historical Society staff, 2005. 14. Headstone of Anna Waldner, at Huron Hutterite Colony. Photo by Museum of the South Dakota State Historical Society staff, 2005. 15. Isaac Williams, an
Scrum 1 Agile has become one of the big buzzwords in the software development industry. But what exactly is agile development? Put simply, agile development is a different way of executing software development teams and projects. To understand what is new, let us recap the traditional methods. In conventional software development, the product requirements are finalized before proceeding with .
