Agency
In South Dakota, a real estate agent who receives compensation from both the buyer and seller in the same transaction:
AIs automatically a dual agent
BMust disclose this dual compensation arrangement and obtain consent from both parties✓ Correct
CCan only receive compensation from the listing broker
DIs prohibited from representing either party
Explanation
An agent receiving compensation from both parties must disclose this arrangement and obtain informed consent from both parties. Undisclosed dual compensation violates the agent's fiduciary duties and South Dakota license law.
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