South Dakota § 36-21A-144 Transaction broker--Duties and obligations.

South Dakota Statutes

§ 36-21A-144 — Transaction broker--Duties and obligations.

South Dakota § 36-21A-144

Title 36PROFESSIONS AND OCCUPATIONS

Ch. 36-21REAL ESTATE LICENSING

This text of South Dakota § 36-21A-144 (Transaction broker--Duties and obligations.) 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-144 (2026).

Text

Any licensee acting as a transaction broker has the following duties and obligations:

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

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

(3)To present all offers in a timely manner;

(4)To account in a timely manner for all money and property received;

(5)To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances including fair housing and civil rights statutes or regulations; and (6) To disclose to the customer all adverse material facts known by the licensee. No licensee acting as a transaction broker may advise any party to a transaction to the detriment of another party.

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Any licensee acting as a transaction broker has the following duties and obligations: (1) To perform the terms of any written agreement made with the customer; (2) To exercise reasonable skill and care for the customer; (3) To present all offers in a timely manner; (4) To account in a timely manner for all money and property received; (5) To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances including fair housing and civil rights statutes or regulations; and (6) To disclose to the customer all adverse material facts known by the licensee. No licensee acting as a transaction broker may advise any party to a transaction to the detriment of another party.