Agency
In South Dakota, when a buyer's agent discovers after contract signing that the seller has concealed a material defect, the buyer's agent should:
AKeep the information confidential to keep the deal together
BAdvise the buyer of the discovered defect and their options, which may include renegotiating or terminating the contract✓ Correct
CContact the seller's agent to demand a price reduction on behalf of the buyer
DFile a complaint with the Real Estate Commission before advising the buyer
Explanation
Discovering a previously concealed material defect after contract signing is significant. The buyer's agent must promptly disclose this to the buyer client and advise them of their legal options, which might include demanding repairs, a price reduction, or terminating the contract for misrepresentation.
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