South Dakota License Law
Under SDCL Chapter 36-21A, which of the following acts requires a real estate license in South Dakota?
ASelling your own personal residence
BManaging your own rental properties
CNegotiating a lease on behalf of another for compensation✓ Correct
DAuctioning personal property
Explanation
SDCL 36-21A requires licensure when a person negotiates real estate transactions on behalf of another for compensation, including leases. Owners acting on their own behalf are exempt.
Related South Dakota South Dakota License Law Questions
- In South Dakota, a licensee who serves as a buyer's agent must provide all of the following services EXCEPT:
- A South Dakota licensee convicted of a felony must:
- A South Dakota real estate broker who pays an unlicensed person a commission or compensation for real estate brokerage activities has:
- In South Dakota, a real estate license that has been revoked may be reinstated after:
- Under South Dakota law, which statement about commissions is TRUE?
- A South Dakota real estate salesperson may receive compensation for a transaction from which of the following?
- Under South Dakota law, can a real estate salesperson be an independent contractor rather than an employee of the broker?
- A South Dakota licensed broker who changes their mailing address must notify the SDREC within:
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 →