Agency
In South Dakota, a real estate agent must present all offers to the seller regardless of form. However, the agent may decline to present a written offer that is:
ABelow the listing price by more than 10%
BMade by someone with no pre-approval letter
CConditioned on illegal activities or criminal acts✓ Correct
DSubmitted after only one showing
Explanation
The only legally recognized basis for declining to present an offer is if the offer involves illegal activities. All other offers — regardless of price, terms, or timing — must be presented to the seller as the seller is the decision-maker about what constitutes an acceptable offer.
Related South Dakota Agency Questions
- 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:
- When does an agency relationship with a seller typically terminate in South Dakota?
- In South Dakota, which statement about a buyer's agent's obligation to disclose is correct?
- In South Dakota, a real estate agent representing a seller is approached by an unrepresented buyer. The agent should:
- In South Dakota, which of the following actions would NOT violate a buyer's agent's fiduciary duty to their client?
- When a South Dakota buyer's agent calls the listing agent for information about the seller's motivation to sell, the listing agent should:
- In South Dakota, a listing agent who receives multiple offers on a property should:
- In South Dakota, when must an agency disclosure be provided to a potential client?
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