South Dakota License Law
In South Dakota, which of the following describes the key difference between a 'broker' license and a 'salesperson' license?
ABrokers can only work with commercial properties; salespersons handle residential
BA broker has met higher educational and experience requirements and can operate independently or supervise salespersons; a salesperson must work under a supervising broker✓ Correct
CSalespersons can set their own commission rates while brokers cannot
DBrokers require renewal every year while salespersons renew every two years
Explanation
A broker license requires more education, experience (2 years as an active salesperson), and passing the broker exam. Brokers can operate an independent brokerage and supervise salespersons. Salespersons must work under a licensed supervising broker and cannot practice independently.
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