Property Management
In South Dakota, a property manager's failure to disclose a known material defect (like foundation problems) to a prospective tenant could result in:
ANo liability since the property manager represents the owner
BCivil liability and potential SDREC disciplinary action for non-disclosure of material facts✓ Correct
COnly a warning from the local REALTOR® association
DLiability for the owner only, not the property manager
Explanation
Property managers, like agents, have disclosure obligations regarding known material defects. Failing to disclose can result in civil liability for damages and SDREC disciplinary action.
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