South Dakota License Law
A real estate licensee in South Dakota who wishes to manage their own rental property for personal income:
AMust hold a property manager license
BDoes not need a license to manage their own property✓ Correct
CMust disclose their license status to tenants
DIs prohibited from combining investment with licensee status
Explanation
South Dakota license law exempts property owners from licensing requirements when managing their own property. A license is required only when performing real estate activities on behalf of others for compensation.
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