No action may be brought against a licensed partnership, association, limited liability company, or corporation of a real estate broker, or any agent or employee thereof, for malpractice, error, mistake, or omission, whether based upon contract or tort, unless it is commenced within three years of the occurrence of the alleged malpractice, error, mistake, or omission. This section is prospective in application.
S.D. Codified Laws § 15-2-14.7
Time for bringing action against firm of real estate broker, agent, or employee--Prospective application
Applied in 2 court decisions — leading case Bailey v. Duling (2013)
Most recently applied in Bailey v. Duling (February 2013)
Source: SL 2004, ch 140, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.