South Dakota License Law
A South Dakota broker who accepts compensation from both the buyer and the seller without disclosure is:
APermitted as long as both parties are satisfied
BViolating their duty of disclosure and potentially SDCL 36-21A✓ Correct
COnly required to disclose to one party
DExempt if the dual compensation is under $1,000
Explanation
A broker who accepts compensation from both parties must disclose this to all parties and obtain their consent. Undisclosed dual compensation is a violation of license law and fiduciary duty.
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