Agency
A licensee who represents both buyer and seller in the same transaction is practicing:
ASingle agency
BSub-agency
CDual agency✓ Correct
DDesignated agency
Explanation
Dual agency occurs when a single licensee or brokerage represents both the buyer and the seller in the same real estate transaction. In South Dakota, this requires informed written consent from both parties.
Related South Dakota Agency Questions
- In South Dakota, an agent who is asked to hold earnest money but deposits it in their personal account is violating which duty?
- A South Dakota listing agent who is also a licensed contractor wants to purchase a property they are listing. They must:
- A South Dakota seller's agent learns that the buyer is going through a divorce and is highly motivated to close quickly. The agent should:
- When does an agency relationship with a seller typically terminate in South Dakota?
- South Dakota requires that agency relationships be disclosed:
- When a South Dakota real estate transaction falls through due to a buyer's failure to obtain financing, the listing agent's obligation to the seller includes:
- A South Dakota real estate agent must present all offers to the seller unless:
- In South Dakota, a real estate agent who recommends their own affiliated title company to a buyer must:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →