Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:69 - REAL ESTATE BROKERS AND SALESPERSONS
Chapter 20:69:16 - Disclosure
Section 20:69:16:09 - Responsible broker or designated broker appointing team to exclusively represent client - Licensee within team representing both parties to same transaction

S.D. Admin. R. 20:69:16:09

Download
PDF
Current through Register Vol. 51, page 67, December 16, 2024
Section 20:69:16:09 - Responsible broker or designated broker appointing team to exclusively represent client - Licensee within team representing both parties to same transaction

If a responsible broker or designated broker appoints a licensee who performs real estate transactions within a team of licensees associated with the same responsible broker, the responsible broker or designated broker must appoint every licensee within the team to exclusively represent the same client. If any licensee within the team represents both parties to the same transaction, a limited agency relationship exists.

S.D. Admin. R. 20:69:16:09

32 SDR 53, effective 10/11/2005.

General Authority: SDCL 36-21A-141.1.

Law Implemented: SDCL 36-21A-141.1.