Agency
A South Dakota listing agent who receives an offer below the listed price must:
AReject the offer on behalf of the seller without presenting it
BPresent all offers to the seller, regardless of price✓ Correct
COnly present offers within 10% of the listing price
DPresent offers only if they are accompanied by proof of financing
Explanation
A listing agent has a duty to present all offers to the seller promptly, regardless of price or terms. Failure to present offers is a breach of fiduciary duty and may violate South Dakota license law. The seller has the right to accept, reject, or counter any offer.
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