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S.D. Codified Laws § 36-21A-145

Transaction broker not responsible for--Independent inspections--Statements by seller--Finances

Source: SL 1998, ch 229, § 22.

No licensee acting as a transaction broker has any duty to:

(1) Conduct an independent inspection of the property for the benefit of any party to the transaction;

(2) Independently verify the accuracy or completeness of statements made by the seller, landlord, buyer, tenant, or qualified third-party inspector; or

(3) Conduct an independent investigation of the buyer's or tenant's financial condition.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.