South Dakota License Law
In South Dakota, if a real estate licensee is found guilty of misappropriating trust funds, the Real Estate Commission may:
AOnly issue a warning for a first offense
BRevoke the license, impose fines, and refer the matter for criminal prosecution✓ Correct
CRequire additional continuing education only
DSuspend the license for 30 days maximum
Explanation
Misappropriation of trust funds is among the most serious violations of real estate license law. The Commission may revoke the license, impose civil penalties, require restitution to victims, and refer the matter to law enforcement for criminal prosecution (theft/fraud charges).
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