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

South Dakota Statutes

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

South Dakota·Title 36 PROFESSIONS AND OCCUPATIONS·Ch. 36-21 REAL ESTATE LICENSING

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.

South Dakota § 36-21A-144 (Transaction broker--Duties and obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.