South Dakota License Law
What is the purpose of South Dakota's real estate licensing law?
ATo generate revenue for the state through licensing fees
BTo protect the public from dishonest and incompetent real estate practitioners✓ Correct
CTo limit competition among real estate brokers
DTo ensure all brokers charge the same commission rate
Explanation
The primary purpose of South Dakota's real estate licensing law (SDCL 36-21A) is to protect the public by ensuring that real estate practitioners meet minimum competency and ethical standards.
Related South Dakota South Dakota License Law Questions
- Under the South Dakota Real Estate License Law (SDCL Chapter 36-21A), the ultimate goal of the licensing and regulatory system for real estate professionals is to:
- What is South Dakota's state income tax treatment?
- A South Dakota licensee convicted of a felony must:
- In South Dakota, which of the following is a valid reason for the Real Estate Commission to revoke a license?
- In South Dakota, how many continuing education hours are required per renewal period?
- How often must a South Dakota real estate license be renewed?
- Under South Dakota law, a real estate 'team' operating within a brokerage must:
- Which of the following activities is specifically exempt from South Dakota real estate license requirements?
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 →