FREQUENTLY ASKED QUESTIONS

What duties are an unlicensed assistant permitted or not permitted to perform?   <answer>

With what jurisdictions does South Dakota have reciprocity agreements allowing their resident licensees to obtain broker and sales licenses? <answer>

What is needed if a licensee associates with a new broker?  <answer>

How does a broker notify the commission if the broker moves the entire office to a new location? <answer>

What happens if an active licensee does not have enough continuing education by the renewal deadline? <answer>

How do the definitions of residential real property differ in regard to the property condition disclosure statement and the lead-based paint disclosure requirements?   <answer>

Are real estate commissions/fees subject to sales tax?  Yes (For more information visit the Business Tax Division of the South Dakota Department of Revenue.)

Can a real estate trust account be interest-bearing?  <answer>