South Dakota License Law
In South Dakota, a licensed broker who manages their own investment properties is:
ARequired to maintain a separate license for property management activities
BNot required to have a license for managing their own properties✓ Correct
CRequired to pay an additional licensing fee for investment property activities
DProhibited from managing their own properties while holding a broker license
Explanation
South Dakota exempts property owners from licensing requirements when managing their own properties. A broker who manages their own investment properties is acting as an owner, not on behalf of others, so no separate license is needed for those activities.
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