South Dakota Statutes

§ 36-21A-77 — Purchaser deposits in unconsummated transactions.

South Dakota § 36-21A-77
JurisdictionSouth Dakota
Title 36PROFESSIONS AND OCCUPATIONS
Ch. 36-21REAL ESTATE LICENSING

This text of South Dakota § 36-21A-77 (Purchaser deposits in unconsummated transactions.) 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-77 (2026).

Text

If for any reason the seller fails, refuses, neglects or is unable to consummate the transaction as provided in the purchase contract, and through no fault or neglect of the purchaser, the real estate transaction cannot be completed, the broker has no right to any portion of the deposit money which was deposited by the purchaser, even though the commission is earned. This deposit shall be returned to the purchaser at once.

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Legislative History

SL 1992, ch 273, § 77.

Nearby Sections

15
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Bluebook (online)
South Dakota § 36-21A-77, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/36-21A-77.