South Dakota License Law
Under South Dakota law, which statement about commissions is TRUE?
ACommission rates are set by the SDREC at 6%
BCommission rates are negotiable between brokers and clients✓ Correct
CAll brokers must charge the same commission in a given area
DThe SDREC sets minimum commission rates to protect brokers
Explanation
Commission rates in South Dakota are freely negotiable between the broker and client. Commission fixing or setting minimum rates would violate antitrust law.
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