Sd Eform - 2160 V1 - Application For Registration - Appraisal Management Company Page 3

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SECTION G: UNIFORM IRREVOCABLE CONSENT TO SERVICE OF PROCESS (continued)
2. Further, I also stipulate and agree that service of process on the Entity, Designated Officer, or Controlling Person(s), as
identified above, shall be made by service upon the Executive Director of the Appraiser Certification Program as the service
agent of the Entity, Designated Officer, or Controlling Person(s), and such service may be held in all courts to be valid and
binding as if personal service had been made upon me in South Dakota; and further that the Executive Director of the Appraiser
Certification Program shall immediately mail a copy of any such process to the Designated Officer at the address on file with the
Appraiser Certification Program.
3. Further, I also stipulate and agree that any grievances and/or complaints that may be commenced against the Entity, the
Designated Officer, or any Controlling Person(s) by the Appraiser Certification Program shall be made by service upon the
Executive Director of the Appraiser Certification Program shall mail a copy thereof to the Designated Officer at the address on
file with the Appraiser Certification Program.
4. Further, I understand that this consent is irrevocable in nature and is applicable to any grievance, complaint, suit, or legal
action arising out of appraisal-related actions or omissions of the Entity, its Designated Officer, or Controlling Person(s) in South
Dakota.
I, ____________________________________, being first duly sworn on oath, depose and say under penalty of perjury that the
foregoing statements are true and correct.
State of: ____________________________________________
County of: __________________________________________
___________________________________________
SIGNATURE OF DESIGNATED OFFICER
Subscribed and sworn before me this _____ day of _________________, 20____.
__________________________________________________
NOTARY PUBLIC
My Commission expires:_______________________ My Commission Number is:_____________________________
SECTION H: DECLARATIONS
I, ____________________________________________, the undersigned Designated Officer for the Entity identified in the
above and foregoing Section A, being first duly sworn, state and affirm that I have read the within and foregoing application and
that the answers supplied herein, including all supporting documents attached, are true and correct to the best of my knowledge
and belief. Further, I certify individually and on behalf of said applicant Entity:
1. that said applicant Entity is legally formed pursuant to applicable state law and shall comply with all South Dakota laws
necessary to validly operate within the State of South Dakota;
2. that said applicant Entity will comply with federal and state laws applicable to appraisal management companies, the laws
and the administrative rules promulgated by the Appraiser Certification Program in all its conduct under any certificate of
registration issued pursuant to this application;
3. that no person owning more than 10% of the applicant Entity has held or applied for a credential to act as a real estate
appraiser in any appraiser-credentialing jurisdiction, which credential was refused, denied, cancelled, revoked or surrendered in
lieu of discipline and was not subsequently granted or reinstated;
4. that no entity that owns more than 10% of the applicant Entity is more than 10 percent owned by an individual who has held
or applied for a credential to act as a real estate appraiser in any appraiser-credentialing jurisdiction, which credential was
refused, denied, cancelled, revoked or surrendered in lieu of discipline and was not subsequently granted or reinstated;
5. that Entity has a system in place to verify that utilized appraisers are licensed or certified and in good standing by this state;
6. that Entity requires each utilized appraiser who performs appraisal in this state to certify in writing the area of geographic
competency and specific appraisal assignments competent to appraise
7. that Entity has a system in place to review the work of utilized appraisers who perform appraisal services to validate that the
services were conducted in conformity with the Uniform Standards of Professional Appraisal Practice;
8. that Entity has a system in place to verify that any employee of, or independent contractor to, the appraisal management
company that is utilized to perform an appraisal review, of the work of utilized appraisers who perform an appraisal assignment
for a property located in South Dakota, be licensed or certified and in good standing by this state;
9. that Entity files a referral with the department if there is evidence that a utilized appraiser is in violation of the laws, rules or
Uniform Standards of Professional Appraisal Practice regarding appraisers;
(Section H continued on next page)
Page 3 of 4
AMC APPLICATION (08/11)

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