Finance
A contract for deed (land contract) in South Dakota means the buyer:
AReceives the deed immediately at signing
BMakes payments to the seller, with the deed transferring only when the contract is paid in full✓ Correct
CContracts to purchase a deed of trust
DTakes title subject to all existing liens
Explanation
In a contract for deed (installment land contract), the seller retains legal title until the full purchase price is paid. The buyer has equitable title and possession during the payment period.
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