S.D. Admin. R. 20:69:04:03

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

Section 20:69:04:03 - Contents of broker associate upgrade course

The broker associate upgrade course for a licensed salesperson upgrading to the broker associate level shall provide for a minimum of 40 instructional hours in subject areas approved by the commission, including the following subject areas:

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

(2) Simulation examination preparation;

(3) Contracts, trust accounting, and closings;

(4) Brokerage relationships;

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

(6) Professional responsibilities and ethics; and

(7) A review of the principles and practices of real estate.

Practicum exercises and experiences beyond the basic fundamentals of real estate principles and practices must be included in each area of study.

S.D. Admin. R. 20:69:04:03

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

General Authority: SDCL 36-21A-30.1, 36-21A-31, 36-21A-34.1.

Law Implemented: SDCL 36-21A-30.1, 36-21A-31, 36-21A-34.1.