A South Dakota applicant asks about an applicant is approved but has not yet been requested by a responsible broker. What is the best answer?
Correct Answer
D) The license remains inactive until requested by a responsible broker with whom the licensee will associate
The SDREC nonresident application states that an approved license remains inactive until requested by a responsible broker. Source basis: SDREC Nonresident Real Estate Broker Application Rev. 02/2026, checked 2026-04-30: application after the state exam must be filed within 60 days; missing documents return the application; approved license remains inactive until a responsible broker requests association; active licensees need E&O insurance.
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Related Topics & Key Terms
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Related Concepts
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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