South Dakota Codified Laws 36-21A-150. Duties of broker or licensee after transaction finished
Current as of: 2023 | Check for updates
|
Other versions
Unless otherwise provided in the agreement or by law, no broker and licensee associated with that broker engaged as a seller’s/landlord’s or buyer’s/tenant’s agent, subagent, limited agent, or transaction broker owes any further duty or obligation to a client or customer after termination, expiration, completion, or performance of the agency or brokerage agreement, except for the following duties:
(1) Accounting for all moneys and property related to and received during the engagement; and
Terms Used In South Dakota Codified Laws 36-21A-150
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) Keeping confidential all information received during the course of the engagement.
Source: SL 1998, ch 229, § 27.