Agency
A South Dakota licensee working as a transaction broker owes which of the following to both parties?
AFull fiduciary duties
BLoyalty and confidentiality only
CFacilitation, honesty, and accounting for funds✓ Correct
DNothing — transaction brokers have no legal duties
Explanation
Transaction brokers in South Dakota facilitate the transaction and owe both parties duties of honesty, fair dealing, and proper accounting for funds, but do not owe full fiduciary duties.
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