On taking a listing, a licensee shall substantiate that the information taken in the listing agreement is accurate. As far as latent defects are concerned, it is not a violation of this section if the licensee disclosed to the buyer that the listing information or parts of the listing information are solely the representations of the seller.
S.D. Codified Laws § 36-21A-78
Substantiation of information in listing agreement--Latent defects
Applied in 1 court decision — leading case Fisher v. Kahler (2002)
Most recently applied in Fisher v. Kahler (February 2002)
Source: SL 1992, ch 273, § 78.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.