Agency
In South Dakota, the relationship between a real estate broker and their client is best described as:
AA universal agency
BA special agency✓ Correct
CA general agency
DA dual agency by default
Explanation
A real estate broker typically acts as a special agent for a client, authorized to perform specific acts (like selling a property) rather than having broad authority to act on the client's behalf.
Related South Dakota Agency Questions
- Under South Dakota law, a listing agent who knows the basement has a history of flooding but does not disclose this to the buyer has committed:
- In South Dakota, when a buyer's agent assists their client in making an offer significantly above market value, the agent should:
- A South Dakota listing agent who is also a licensed contractor wants to purchase a property they are listing. They must:
- When a South Dakota real estate transaction falls through due to a buyer's failure to obtain financing, the listing agent's obligation to the seller includes:
- South Dakota's disclosure of agency form (agency disclosure) should be provided to consumers:
- In South Dakota, when must an agency disclosure be provided to a potential client?
- In South Dakota, which of the following is a 'material adverse fact' that must be disclosed by an agent regardless of which party they represent?
- In South Dakota, the fiduciary duty of 'loyalty' requires an agent to:
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 →