Chapter
REAL ESTATE LICENSING
- S.D. Codified Laws § 36-21A-1— Definitions
- S.D. Codified Laws § 36-21A-2— Advertisement and advertising defined
- S.D. Codified Laws § 36-21A-3— Appraisal or evaluation defined
- S.D. Codified Laws § 36-21A-4— 36-21A-4. Repealed by SL 2013, ch 177, § 4
- S.D. Codified Laws § 36-21A-5— Association defined
- S.D. Codified Laws § 36-21A-6— Real estate broker and broker defined
- S.D. Codified Laws § 36-21A-7— Moral turpitude defined
- S.D. Codified Laws § 36-21A-8— 36-21A-8. Repealed by SL 1997, ch 275, § 3
- S.D. Codified Laws § 36-21A-9— Inactive license defined
- S.D. Codified Laws § 36-21A-10— Property manager defined
- S.D. Codified Laws § 36-21A-11— Real estate and realty defined
- S.D. Codified Laws § 36-21A-12— Real estate salesperson defined
- S.D. Codified Laws § 36-21A-12.1— Residential rental agent defined--Promulgation of rules for licensing requirements
- S.D. Codified Laws § 36-21A-12.2— Broker price opinion and comparative market analysis defined
- S.D. Codified Laws § 36-21A-13— Real estate commission created--Composition
- S.D. Codified Laws § 36-21A-14— Terms of commission members--Vacancies
- S.D. Codified Laws § 36-21A-15— Quorum of commission
- S.D. Codified Laws § 36-21A-16— Commission continued within Department of Labor and Regulation--Records and reports
- S.D. Codified Laws § 36-21A-17— Seal of commission
- S.D. Codified Laws § 36-21A-18— Executive director--Duties
- S.D. Codified Laws § 36-21A-19— Employment of personnel
- S.D. Codified Laws § 36-21A-20— Office of executive director--Records and property maintained
- S.D. Codified Laws § 36-21A-21— Meetings of commission
- S.D. Codified Laws § 36-21A-22— Filing or notice to the commission--Date of filing or notice
- S.D. Codified Laws § 36-21A-23— Compensation and expenses of commission members
- S.D. Codified Laws § 36-21A-24— Real estate courses and institutes conducted by commission
- S.D. Codified Laws § 36-21A-25— Assistance provided to libraries, licensees, institutes and foundations
- S.D. Codified Laws § 36-21A-26— List of licensees and other information to be available
- S.D. Codified Laws § 36-21A-27— Licensees not qualified for exceptions
- S.D. Codified Laws § 36-21A-28— Active license required for certain acts
- S.D. Codified Laws § 36-21A-29— Persons and entities exempt from licensure
- S.D. Codified Laws § 36-21A-30— Reputation, age, competence, and citizenship required for license--Prior rejection or revocation of license
- S.D. Codified Laws § 36-21A-30.1— Education requirement for broker associate license applicants
- S.D. Codified Laws § 36-21A-30.2— Education requirements for initial licensure as broker associate
- S.D. Codified Laws § 36-21A-31— Responsible broker's license--Experience and education required
- S.D. Codified Laws § 36-21A-32— Waiver of experience requirement on responsible broker applicant's refusal to associate--Relocation or acceptance of unfair contract not required
- S.D. Codified Laws § 36-21A-33— Denial of application--Reasons
- S.D. Codified Laws § 36-21A-34— 36-21A-34. Repealed by SL 2002, ch 180, § 5
- S.D. Codified Laws § 36-21A-34.1— Requirements for upgrade to broker associate license
- S.D. Codified Laws § 36-21A-34.2— 36-21A-34.2. Repealed by SL 2013, ch 177, § 13
- S.D. Codified Laws § 36-21A-35— Application for license--Contents--Oath or affirmation
- S.D. Codified Laws § 36-21A-36— Written examination--Time and place--Contents
- S.D. Codified Laws § 36-21A-36.1— Application for license--Time limit
- S.D. Codified Laws § 36-21A-37— License required for real estate firm
- S.D. Codified Laws § 36-21A-38— Responsible broker to represent corporation, limited liability company, partnership or association and sign application--Termination of affiliation--Fee
- S.D. Codified Laws § 36-21A-40— 36-21A-40. Repealed by SL 2011, ch 180, § 5
- S.D. Codified Laws § 36-21A-41— Qualification by examination required
- S.D. Codified Laws § 36-21A-42— 36-21A-42. Repealed by SL 2001, ch 208, § 1
- S.D. Codified Laws § 36-21A-43— Examination reciprocity with other states
- S.D. Codified Laws § 36-21A-44— Issuance of license to successful applicant--Association with broker--Authority to conduct business
- S.D. Codified Laws § 36-21A-45— 36-21A-45. Repealed by SL 2013, ch 177, § 16
- S.D. Codified Laws § 36-21A-46— 36-21A-46. Repealed by SL 2011, ch 180, § 6
- S.D. Codified Laws § 36-21A-46.1— Responsible broker, salesperson, or broker associate permitted to form certain business entities--Conditions
- S.D. Codified Laws § 36-21A-47— Restricted broker's license--Issuance--Termination and prosecution--Promulgation of rules
- S.D. Codified Laws § 36-21A-48— Exemption from property manager's license for operators of state and federal housing units
- S.D. Codified Laws § 36-21A-49— Application fee for individual licensure
- S.D. Codified Laws § 36-21A-50— Conditions for issuing of license or reinstatement after revocation or suspension
- S.D. Codified Laws § 36-21A-51— 36-21A-51. Repealed by SL 2013, ch 177, § 20
- S.D. Codified Laws § 36-21A-52— Registration of place of business--Change of location
- S.D. Codified Laws § 36-21A-53— Branch office name
- S.D. Codified Laws § 36-21A-54— Reciprocal privileges extended to nonresident licensees--Licensees from states not granting full reciprocity
- S.D. Codified Laws § 36-21A-55— Transaction of business subjects nonresidents to personal jurisdiction--Service of process--Delivery of copy of process or pleading to executive director
- S.D. Codified Laws § 36-21A-56— Written notice of change of association--Statement of registration--Salesman placed on inactive status
- S.D. Codified Laws § 36-21A-57— 36-21A-57. Repealed by SL 2013, ch 177, § 21
- S.D. Codified Laws § 36-21A-58— Renewal of license by salesperson or broker associate not associated with responsible broker--Restrictions on inactive salesperson or broker associate
- S.D. Codified Laws § 36-21A-59— 36-21A-59. Repealed by SL 2013, ch 177, § 22
- S.D. Codified Laws § 36-21A-60— Additional fees
- S.D. Codified Laws § 36-21A-61— Biennial registration--Cancellation upon failure to register
- S.D. Codified Laws § 36-21A-62— Biennial proof by licensees of continuing education--Persons exempt
- S.D. Codified Laws § 36-21A-63— Approved courses for continuing education--List maintained--Standards
- S.D. Codified Laws § 36-21A-64— License inactive until proof of continuing education provided
- S.D. Codified Laws § 36-21A-65— Exceptions to continuing education requirements
- S.D. Codified Laws § 36-21A-66— Late renewal application--Fee
- S.D. Codified Laws § 36-21A-67— Licensees entering United States armed forces--Application for reinstatement--Timing and requirements--Waiver of continuing education
- S.D. Codified Laws § 36-21A-68— Grounds for revocation of license--Criminal prosecution--Setting minimum fees not impaired--Suspension, reprimand, and monetary penalties
- S.D. Codified Laws § 36-21A-69— 36-21A-69. Repealed by SL 2013, ch 177, § 27
- S.D. Codified Laws § 36-21A-69.1— Responsible broker to surrender associate licenses
- S.D. Codified Laws § 36-21A-70— Revocation or suspension of firm license following discipline of responsible broker
- S.D. Codified Laws § 36-21A-71— Acts constituting unprofessional conduct
- S.D. Codified Laws § 36-21A-72— Restrictions on licensee advertising
- S.D. Codified Laws § 36-21A-73— 36-21A-73. Repealed by SL 1998, ch 229, § 28
- S.D. Codified Laws § 36-21A-74— Preservation of records
- S.D. Codified Laws § 36-21A-75— Closing statements to be furnished by brokers
- S.D. Codified Laws § 36-21A-76— Cobrokerage transaction--Money held in broker's trust account
- S.D. Codified Laws § 36-21A-77— Purchaser deposits in unconsummated transactions
- S.D. Codified Laws § 36-21A-78— Substantiation of information in listing agreement--Latent defects
- S.D. Codified Laws § 36-21A-79— Broker's responsibility for activities of affiliated licensees
- S.D. Codified Laws § 36-21A-80— Handling of money received by broker for principal
- S.D. Codified Laws § 36-21A-81— Disbursement pursuant to written agreement of trust funds where purchase agreement does not close
- S.D. Codified Laws § 36-21A-82— Deposit slip and ledger sheet for special trust account--Records maintained--Notice to commission as to financial institution and name of account
- S.D. Codified Laws § 36-21A-83— Records kept by broker remitting immediately to principal
- S.D. Codified Laws § 36-21A-84— Completed transaction required for compensation of broker--Promulgation of rules for exceptions
- S.D. Codified Laws § 36-21A-85— 36-21A-85. Repealed by SL 1998, ch 229, § 29
- S.D. Codified Laws § 36-21A-86— Procedure on revocation of license--Appeal
- S.D. Codified Laws § 36-21A-88— Action for compensation of unlicensed persons prohibited
- S.D. Codified Laws § 36-21A-89— Administration and enforcement of chapter--Promulgation of rules
- S.D. Codified Laws § 36-21A-89.1— 36-21A-89.1. Repealed by SL 2005, ch 230, § 3
- S.D. Codified Laws § 36-21A-90— Promulgation of rules establishing uniform standards of professional appraisal practice
- S.D. Codified Laws § 36-21A-91— Actions for injunction--Attorney fees and costs
- S.D. Codified Laws § 36-21A-92— 36-21A-92. Repealed by SL 2013, ch 177, § 33
- S.D. Codified Laws § 36-21A-93— Application for subdivision certificate--Fee--Contents--Additional information
- S.D. Codified Laws § 36-21A-94— Proof by subdivider of ability to provide promised public improvements--Security
- S.D. Codified Laws § 36-21A-95— Investigation of application and inspection of out-of-state real estate--Expenses borne by applicant
- S.D. Codified Laws § 36-21A-96— Designation of executive director of commission as agent for service of process
- S.D. Codified Laws § 36-21A-97— Issuance of certificate--Annual fee--Cancellation or renewal of certificate--Investigation
- S.D. Codified Laws § 36-21A-98— Recording of instrument conveying interest in subdivision
- S.D. Codified Laws § 36-21A-99— Cease and desist orders to prevent subdivision sales provisions violations
- S.D. Codified Laws § 36-21A-100— Contracts violating subdivision sale provisions void and unenforceable--Recovery of money paid plus interest
- S.D. Codified Laws § 36-21A-101— Establishment of real estate recovery fund--Purpose
- S.D. Codified Laws § 36-21A-102— Minimum balance in recovery fund--Separate fee payable to restore minimum balance
- S.D. Codified Laws § 36-21A-103— Notice to commission of claims against recovery fund--Intervention by commission
- S.D. Codified Laws § 36-21A-104— Application by unsatisfied judgment creditor for payment of loss from recovery fund--Maximum payment--Service on commission and judgment debtor--Hearing on application for payment--Continuances
- S.D. Codified Laws § 36-21A-105— Facts to be shown at hearing by applicant for payment from recovery fund
- S.D. Codified Laws § 36-21A-106— False statement in proceedings against recovery fund as perjury
- S.D. Codified Laws § 36-21A-107— Burden of proof as to fraud or conversion--Presumption when original action was contested by debtor
- S.D. Codified Laws § 36-21A-108— Defense by commission of action against recovery fund--Motion for dismissal--Compromise
- S.D. Codified Laws § 36-21A-109— Defense by judgment debtor in action against recovery fund
- S.D. Codified Laws § 36-21A-110— Payment from recovery fund ordered only on valid cause of action--Prior judgment only prima facie evidence
- S.D. Codified Laws § 36-21A-111— Order for payment from recovery fund
- S.D. Codified Laws § 36-21A-112— Maximum liability of fund for acts of one licensee
- S.D. Codified Laws § 36-21A-113— Deferred payment of authorized claim--Interest
- S.D. Codified Laws § 36-21A-114— Suspension of license when payment from fund authorized--Repayment to fund required for reinstatement
- S.D. Codified Laws § 36-21A-115— Subrogation of fund to rights under judgment paid--Assignment
- S.D. Codified Laws § 36-21A-116— Other disciplinary powers unimpaired--Effect of repayment to fund
- S.D. Codified Laws § 36-21A-117— 36-21A-117, 36-21A-118. Transferred to §§ 36-21B-3, 36-21B-7
- S.D. Codified Laws § 36-21A-119— Errors and omissions insurance required of salesmen and brokers
- S.D. Codified Laws § 36-21A-120— Group insurance coverage authorized--Independent errors and omissions coverage
- S.D. Codified Laws § 36-21A-122— Notice of terms and conditions of errors and omissions--Certificate of coverage
- S.D. Codified Laws § 36-21A-123— 36-21A-123. Repealed by SL 2001, ch 209, § 1
- S.D. Codified Laws § 36-21A-124— Employment status--Independent contractor
- S.D. Codified Laws § 36-21A-125— Adverse material fact defined
- S.D. Codified Laws § 36-21A-126— Brokerage defined
- S.D. Codified Laws § 36-21A-127— Confidential information defined
- S.D. Codified Laws § 36-21A-128— Informative acts that do not constitute representation
- S.D. Codified Laws § 36-21A-129— Substantive contact defined
- S.D. Codified Laws § 36-21A-130— Agency agreements--Requirements
- S.D. Codified Laws § 36-21A-131— Licensee--Limited relationships
- S.D. Codified Laws § 36-21A-132— Duties and obligations of licensee representing seller or landlord
- S.D. Codified Laws § 36-21A-133— Disclosure of client information by seller's or landlord's agent
- S.D. Codified Laws § 36-21A-134— Seller's agent has no fiduciary duty to customer
- S.D. Codified Laws § 36-21A-134.1— No duty to disclose sex offender information
- S.D. Codified Laws § 36-21A-135— Seller's agent may show other properties
- S.D. Codified Laws § 36-21A-136— Duties and obligations of licensee representing buyer or tenant
- S.D. Codified Laws § 36-21A-137— Buyer's or tenant's agent not to disclose certain information without written authority--Exceptions
- S.D. Codified Laws § 36-21A-138— Buyer's agent has no fiduciary duty to customer
- S.D. Codified Laws § 36-21A-138.1— No duty to volunteer sex offender information--Actual knowledge must be disclosed upon inquiry
- S.D. Codified Laws § 36-21A-139— Buyer's agent may show property to competing clients
- S.D. Codified Laws § 36-21A-140— Licensee as limited agent--Written consent of all parties required--Duties and obligations
- S.D. Codified Laws § 36-21A-141— Certain information not to be disclosed by limited agent without written consent
- S.D. Codified Laws § 36-21A-141.1— Appointment of licensee to act as appointed agent of client to exclusion of other licensees--Limited agent--Information--Rules
- S.D. Codified Laws § 36-21A-142— Limited agent not to disclose certain information about one client to another without written authority--Exceptions
- S.D. Codified Laws § 36-21A-143— Subagency defined
- S.D. Codified Laws § 36-21A-144— Transaction broker--Duties and obligations
- S.D. Codified Laws § 36-21A-145— Transaction broker not responsible for--Independent inspections--Statements by seller--Finances
- S.D. Codified Laws § 36-21A-146— Certain information not to be disclosed by transaction broker without written consent
- S.D. Codified Laws § 36-21A-147— Office policies--Relationships--Written disclosure
- S.D. Codified Laws § 36-21A-148— Client, licensee not liable for misrepresentation made by the other--Exception
- S.D. Codified Laws § 36-21A-149— Duties under common law
- S.D. Codified Laws § 36-21A-150— Duties of broker or licensee after transaction finished
- S.D. Codified Laws § 36-21A-151— Applicants and licensees under disciplinary investigation--Criminal background check