Which South Dakota licensing rule applies when a candidate passes the required South Dakota examination and delays filing the license application?
Correct Answer
C) The completed license application must be filed within 60 days after the exam report/passing the last required portion, or the score becomes void for a late application
The CIB and 02/2026 nonresident application state a 60-day application filing period after passing the exam. 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
Related Topics:
Key Terms:
Related Concepts
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.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
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