South Dakota § 36-21A-136 Duties and obligations of licensee representing buyer or tenant.

South Dakota Statutes

§ 36-21A-136 — Duties and obligations of licensee representing buyer or tenant.

South Dakota § 36-21A-136

Title 36PROFESSIONS AND OCCUPATIONS

Ch. 36-21REAL ESTATE LICENSING

This text of South Dakota § 36-21A-136 (Duties and obligations of licensee representing buyer or tenant.) 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-136 (2026).

Text

Any licensee representing a buyer or tenant has the following duties and obligations:

(1)To perform the terms of any 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 other properties while the client is a party to a contract to purchase property or 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 client is already a party to a contract to purchase property or is already a party to a contract or a letter of intent to leas

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Any licensee representing a buyer or tenant has the following duties and obligations: (1) To perform the terms of any 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 other properties while the client is a party to a contract to purchase property or 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 client is already a party to a contract to purchase property or is already a party to a contract or a letter of intent to lease; (c) Disclosing to the client adverse material facts 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.