No responsible broker is entitled to any part of the money paid to the responsible broker in any transaction as part of the responsible broker's compensation until the transaction has been consummated or terminated. The commission may promulgate rules, pursuant to chapter 1-26, to make reasonable exceptions to this section.
S.D. Codified Laws § 36-21A-84
Completed transaction required for compensation of broker--Promulgation of rules for exceptions
Source: SL 1992, ch 273, § 84; SL 2013, ch 177, § 32.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.