South Dakota License Law
In South Dakota, a real estate salesperson who wants to open their own brokerage must first:
AWork as a salesperson for 5 years
BObtain a broker license and meet all broker licensing requirements✓ Correct
CObtain approval from their current broker
DFile a business plan with the Real Estate Commission
Explanation
To open a brokerage in South Dakota, a licensee must hold a broker license (not just a salesperson license). Broker licensing requirements include additional education, experience (2 years as an active salesperson within the last 5 years), and passing the broker examination.
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