South Dakota Codified Laws 36-21A-144. Transaction broker–Duties and obligations
Any licensee acting as a transaction broker has the following duties and obligations:
(1) To perform the terms of any written agreement made with the customer;
Terms Used In South Dakota Codified Laws 36-21A-144
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
(2) To exercise reasonable skill and care for the customer;
(3) To present all offers in a timely manner;
(4) To account in a timely manner for all money and property received;
(5) To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances including fair housing and civil rights statutes or regulations; and
(6) To disclose to the customer all adverse material facts known by the licensee.
No licensee acting as a transaction broker may advise any party to a transaction to the detriment of another party.
Source: SL 1998, ch 229, § 21.