South Dakota License Law
In South Dakota, a real estate licensee who is also a licensed mortgage broker must:
AChoose one license and give up the other
BDisclose their dual role to all parties in transactions where they provide both services✓ Correct
CGet special permission from the SDREC to hold both licenses
DOnly use the mortgage license for investment property transactions
Explanation
Holding dual licenses (real estate and mortgage) is permitted in South Dakota, but the licensee must disclose their dual role to all parties in any transaction where they provide both real estate and mortgage services, as this creates a potential conflict of interest.
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