Agency
In South Dakota, a real estate agent representing a seller is approached by an unrepresented buyer. The agent should:
AAutomatically become the buyer's agent as well
BInform the buyer that the agent represents the seller and clarify what services they can and cannot provide✓ Correct
CRefuse to work with unrepresented buyers
DProvide the same fiduciary duties to the buyer as to the seller
Explanation
When a listing agent works with an unrepresented buyer, the agent must clearly disclose that they represent the seller. The agent owes fiduciary duties to the seller only and must be honest with the buyer but cannot advocate for the buyer's interests.
Related South Dakota Agency Questions
- In South Dakota, a real estate agent who recommends their own affiliated title company to a buyer must:
- An agent's authority to bind their principal in South Dakota real estate transactions comes from:
- A South Dakota buyer's agent discovers that the seller's property has an undisclosed drainage problem. The buyer's agent should:
- In South Dakota, after a listing agreement expires and the property has not sold, which of the following protects the listing broker's commission if the seller sells to someone the broker introduced during the listing period?
- In South Dakota, a listing agent who receives multiple offers on a property should:
- In South Dakota, the agent's duty to the principal of 'loyalty' means the agent must place the client's interests:
- In South Dakota, the agency relationship between a broker and salesperson is best described as:
- In South Dakota, a seller's agent must disclose which of the following to a prospective buyer?
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 →