South Dakota License Law
Net listings are legal in South Dakota if:
AThey are never legal in South Dakota
BBoth parties agree in writing and the broker discloses their profit✓ Correct
CThe listing price is at or above market value
DThe sale is for commercial property only
Explanation
While net listings are discouraged and potentially create conflicts of interest, South Dakota does not explicitly prohibit them. However, full disclosure of the broker's profit is required, and misrepresentation would be grounds for discipline.
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