In South Dakota, the Real Estate Commission requires that agency relationships be disclosed in:
Correct Answer
B) Writing
South Dakota requires written disclosure of agency relationships. The disclosure must be in writing so there is clear documentation of the agency status and the duties owed to each party.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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