South Dakota License Law
Which of the following actions would subject a South Dakota real estate licensee to disciplinary action by the SDREC?
ARepresenting buyers in more than 10 transactions per year
BCommingling client funds with personal or business funds✓ Correct
CAdvertising in out-of-state publications
DReferring clients to a lender for a mortgage
Explanation
Commingling client funds (mixing earnest money or trust funds with the licensee's personal or business accounts) is a serious violation that can result in license suspension or revocation.
Related South Dakota South Dakota License Law Questions
- Under South Dakota law, a real estate broker who receives a written complaint against a salesperson employed by them is required to:
- A South Dakota real estate licensee who advertises property must include which of the following in all advertising?
- Under SDCL Chapter 36-21A, which of the following acts requires a real estate license in South Dakota?
- The South Dakota real estate salesperson licensing exam consists of how many questions?
- An unlicensed assistant working in a South Dakota real estate brokerage may legally:
- How long does a South Dakota real estate license remain valid before renewal is required?
- The South Dakota Real Estate Commission is composed of how many members?
- A South Dakota licensed broker who changes their mailing address must notify the SDREC within:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →