In South Dakota real estate licensing, a currently licensed out-of-state real estate professional seeks an equivalent South Dakota license. What should the candidate remember?
Correct Answer
B) The applicant must register for and pass the South Dakota State Exam and submit the required nonresident application packet, including current license-history documentation
The SDREC nonresident page requires State Exam passage and a certificate of license history dated within the last 30 days. Source basis: South Dakota Real Estate Commission Non-Resident Licensing Information page and SDREC-NONRES APP Rev. 02/2026, checked 2026-04-30: nonresident/equivalent-license applicants register and pass the State Exam, submit a current license-history certificate, original state score report, E&O proof, fingerprints/background check, and application within 60 days; an approved license remains inactive until requested by a responsible broker.
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Related Topics & Key Terms
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Related Concepts
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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