Agency
In South Dakota, a listing agent who learns the seller's property has an unpermitted addition must:
AKeep the information confidential to protect the seller
BDisclose the unpermitted addition to prospective buyers as it is a material fact✓ Correct
COnly disclose if directly asked by the buyer
DRemove references to the addition from all marketing materials
Explanation
An unpermitted addition is a material fact that affects the value and legal status of the property. Even a listing agent (who represents the seller) must disclose this type of material fact to buyers, as failing to do so could constitute misrepresentation.
Related South Dakota Agency Questions
- In South Dakota, a real estate agent who represents neither the buyer nor the seller but assists both parties complete a transaction is sometimes called a:
- In South Dakota, the duty of 'obedience' in an agency relationship requires the agent to:
- A South Dakota seller's agent learns that the buyer is going through a divorce and is highly motivated to close quickly. The agent should:
- In South Dakota, an agent who helps a buyer negotiate a purchase and also refers the buyer to a specific mortgage lender without disclosing that they will receive a referral fee has violated their duty of:
- In South Dakota, an agent who is asked to hold earnest money but deposits it in their personal account is violating which duty?
- An agent's authority to bind their principal in South Dakota real estate transactions comes from:
- A South Dakota listing agent discovers a significant crack in the home's foundation after the property is listed. The agent should:
- In South Dakota, a real estate agent who recommends their own affiliated title company to a buyer must:
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 →