Any earnest money paid in a cooperative or cobrokerage transaction shall be held in a broker's trust account unless otherwise agreed to by the buyer and seller.
S.D. Codified Laws § 36-21A-76
Cobrokerage transaction--Money held in broker's trust account
Source: SL 1992, ch 273, § 76; SL 2012, ch 195, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.