S.D. Admin. R. 20:69:03:19
Current through Register Vol. 51, page 67, December 16, 2024
If an agency agreement provides for compensation for services for other than a sale or lease of an interest in real property, the licensee may collect compensation for those services before closing the sale or lease of the interest in the real property. If a client or customer agrees in writing to allow a broker to receive compensation for any agreed upon service before closing the sale or lease of an interest in real property, the compensation must be placed in the broker's trust account until performance of services has been consummated or terminated by written agreement from both parties.
S.D. Admin. R. 20:69:03:19
General Authority: SDCL 36-21A-84.
Law Implemented: SDCL 36-21A-84.