South Dakota License Law
Which of the following is NOT exempt from South Dakota real estate licensing requirements?
AAn attorney acting within the scope of their practice
BA court-appointed receiver managing property
CA property manager receiving compensation to manage property for third parties✓ Correct
DA trustee acting under a trust agreement
Explanation
Property managers who receive compensation to manage property owned by third parties must hold a real estate license in South Dakota. Attorneys, court-appointed receivers, and trustees acting within their official capacity are generally exempt.
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