Agency
In South Dakota, an agent who continues to represent a seller after the listing has expired without a written renewal agreement is:
AOperating under an implied renewal of the listing
BOperating without authority, as agency requires an express agreement to be binding✓ Correct
CProtected by the automatic holdover provisions in most listing agreements
DEntitled to a commission if they find a buyer
Explanation
When a listing agreement expires, the agent no longer has authority to represent the seller unless a new agreement is executed. Continuing to act as the seller's agent after expiration is acting without authority, which could expose the agent to liability and undermine any commission claim.
Related South Dakota Agency Questions
- In South Dakota, which of the following is an example of an agent's IMPLIED duty?
- In South Dakota, a seller's agent who discovers that the property's square footage is significantly less than what the seller represented to the agent should:
- In South Dakota, a real estate agent who recommends their own affiliated title company to a buyer must:
- A South Dakota real estate agent acting as a facilitator (transaction broker) owes which duty to both parties?
- In South Dakota, which of the following is a material fact that a listing agent must disclose to buyers?
- Which fiduciary duty requires an agent to place the client's interests above all others, including the agent's own?
- In South Dakota, an agent who continues to act on behalf of a principal after the agency has been terminated is:
- In South Dakota, which statement about a buyer's agent's obligation to disclose is correct?
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 →