South Dakota License Law
In South Dakota, a real estate broker's trust account must be reconciled:
AAnnually only
BMonthly, comparing the trust account balance to the sum of all client obligations✓ Correct
COnly when a dispute arises
DQuarterly
Explanation
South Dakota license law requires brokers to perform regular (typically monthly) three-way reconciliation of trust accounts: comparing the bank statement balance, the checkbook register balance, and the sum of all individual client trust account ledgers to ensure the balances agree.
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