South Dakota License Law
Which of the following actions would require a South Dakota real estate license?
AAn attorney handling real estate as part of estate administration
BAn individual selling their own home without assistance
CA property manager leasing apartments on behalf of the property owner for compensation✓ Correct
DA court-appointed receiver managing property under court order
Explanation
Performing real estate activities (including property management) on behalf of others for compensation requires a South Dakota real estate license. Attorneys in estate administration, owners selling their own property, and court-appointed receivers are exempt.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
License Law
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