South Dakota License Law
Under South Dakota law, what is the penalty for performing real estate activities without a license?
AA warning letter from the Real Estate Commission
BCivil fines and potential criminal charges, as well as being barred from receiving compensation✓ Correct
COnly forfeiture of earned commissions
DOnly a mandatory licensing course requirement
Explanation
Practicing real estate without a license in South Dakota is a violation of state law that can result in civil penalties, criminal charges (misdemeanor), and the inability to recover compensation earned. South Dakota courts have consistently held that unlicensed practitioners cannot collect commission.
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