S.D. Admin. R. 20:69:04:02

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:69:04:02 - Contents of broker associate prelicensing course

The broker associate prelicensing course shall provide for a minimum of 116 instructional hours in subject areas approved by the commission, including the following subject areas:

(1) South Dakota real estate license law and rules;

(2) Characteristics and nature of real property;

(3) Agency;

(4) Listing property;

(5) Selling property;

(6) Contracts and contingencies;

(7) Property management;

(8) Finance;

(9) Settlement/transfer of ownership/closings;

(10) Federal laws, including the Fair Housing ACT, Real Estate Settlement Procedures Act, Sherman Antitrust Act, Americans with Disabilities Act, and Real Estate Settlement Procedures Act, and environmental regulations; and

(11) Professional responsibilities and ethics.

The course shall include practicum exercises and examinations in each area of study.

S.D. Admin. R. 20:69:04:02

2 SDR 7, effective 7/30/1975; transferred from

General Authority: SDCL 36-21A-30.1, 36-21A-31.

Law Implemented: SDCL 36-21A-30.1, 36-21A-31.