All of the requirements relating to trust accounts imposed by SDCL Chapter 36-21 A or this article on real estate brokers apply to property managers.
S.D. Admin. R. 20:69:14:04
General Authority: SDCL 36-21A-89.
Law Implemented: SDCL 36-21A-47, 36-21A-80, 36-21A-82.
Handling of money received by broker for principal, SDCL 36-21A-80. Deposit slip and ledger sheet for special trust account, SDCL 36-21A-82. Acts constituting unprofessional conduct, SDCL 36-21A-71(5). Financial obligations and records, § 20:69:14:11.