Agency
In South Dakota, which of the following is a material fact that a listing agent must disclose to buyers?
AThe seller's personal reasons for selling
BA known structural defect that affects the property's value or habitability✓ Correct
CThe lowest price the seller will accept
DThe seller's financial difficulties
Explanation
A material fact is one that would affect a reasonable person's decision to purchase or the price they would pay. Known structural defects are material facts that must be disclosed. The seller's personal motivations and financial situation are confidential information the listing agent must protect.
Related South Dakota Agency Questions
- In South Dakota, when does a buyer's agent's authority typically terminate?
- A buyer's agent in South Dakota owes which duty to the seller?
- In South Dakota, when must an agency disclosure be provided to a potential client?
- In South Dakota, which of the following is an example of an agent's IMPLIED duty?
- In South Dakota, 'subagency' allows a cooperating broker to act as:
- A South Dakota agent who recommends a home inspector they have a financial relationship with must:
- A South Dakota seller's agent learns that the buyer is going through a divorce and is highly motivated to close quickly. The agent should:
- In South Dakota, an agent who tells the seller that 'prices always go up, you can't go wrong' is engaging in:
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 →