South Dakota § 36-21A-132 Duties and obligations of licensee representing seller or landlord.

South Dakota Statutes

§ 36-21A-132 — Duties and obligations of licensee representing seller or landlord.

South Dakota § 36-21A-132

Title 36PROFESSIONS AND OCCUPATIONS

Ch. 36-21REAL ESTATE LICENSING

This text of South Dakota § 36-21A-132 (Duties and obligations of licensee representing seller or landlord.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 36-21A-132 (2026).

Text

Any licensee representing a seller or landlord has the following duties and obligations:

(1)To perform the terms of the written agreement made with the client;

(2)To exercise reasonable skill and care for the client;

(3)To promote the interest of the client with the utmost good faith, loyalty, and fidelity, including:

(a)Seeking a price and terms which are acceptable to the client. However, the licensee is not obligated to seek additional offers to purchase the property while the property is subject to a contract for sale or to seek additional offers to lease the property while the property is subject to a lease or letter of intent to lease;

(b)Presenting all written offers to and from the client in a timely manner regardless of whether the property is subject to a cont

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Any licensee representing a seller or landlord has the following duties and obligations: (1) To perform the terms of the written agreement made with the client; (2) To exercise reasonable skill and care for the client; (3) To promote the interest of the client with the utmost good faith, loyalty, and fidelity, including: (a) Seeking a price and terms which are acceptable to the client. However, the licensee is not obligated to seek additional offers to purchase the property while the property is subject to a contract for sale or to seek additional offers to lease the property while the property is subject to a lease or letter of intent to lease; (b) Presenting all written offers to and from the client in a timely manner regardless of whether the property is subject to a contract for sale or lease or a letter of intent to lease; (c) Disclosing to the client all adverse material facts actually known by the licensee; and (d) Advising the client to obtain expert advice as to material matters about which the licensee knows but the specifics of which are beyond the expertise of the licensee; (4) To account in a timely manner for all money and property received; and (5) To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances, including fair housing and civil rights statutes, or regulations.