36-21A-97. Issuance of certificate--Annual fee--Cancellation or renewal of certificate--Investigation.
If the application is approved, the commission shall issue a certificate of registration to the applicant. After issuance of a certificate, an annual fee of fifty dollars plus ten dollars for each one hundred lots or fraction thereof computed on the number of lots in the original application shall be due and payable on or before January first of each year. Failure to remit annual fees when due shall automatically cancel the certificate. The certificate may remain valid if the commission determines from satisfactory investigation that the certificate should be renewed. Before issuing the renewal certificate each year, the certificate holder shall furnish to the commission information as may be requested by the commission. If an investigation is required, the cost of making the investigation shall be paid by the certificate holder in advance.
Source: SL 1992, ch 273, ยง97.
Structure South Dakota Codified Laws
Title 36 - Professions and Occupations
Chapter 21A - Real Estate Licensing
Section 36-21A-1 - Definitions.
Section 36-21A-2 - Advertisement and advertising defined.
Section 36-21A-3 - Appraisal or evaluation defined.
Section 36-21A-5 - Association defined.
Section 36-21A-6 - Real estate broker and broker defined.
Section 36-21A-7 - Moral turpitude defined.
Section 36-21A-9 - Inactive license defined.
Section 36-21A-10 - Property manager defined.
Section 36-21A-11 - Real estate and realty defined.
Section 36-21A-12 - Real estate salesperson defined.
Section 36-21A-12.2 - Broker price opinion and comparative market analysis defined.
Section 36-21A-13 - Real estate commission created--Composition.
Section 36-21A-14 - Terms of commission members--Vacancies.
Section 36-21A-15 - Quorum of commission.
Section 36-21A-17 - Seal of commission.
Section 36-21A-18 - Executive director--Duties.
Section 36-21A-19 - Employment of personnel.
Section 36-21A-20 - Office of executive director--Records and property maintained.
Section 36-21A-21 - Meetings of commission.
Section 36-21A-22 - Filing or notice to the commission--Date of filing or notice.
Section 36-21A-23 - Compensation and expenses of commission members.
Section 36-21A-24 - Real estate courses and institutes conducted by commission.
Section 36-21A-25 - Assistance provided to libraries, licensees, institutes and foundations.
Section 36-21A-26 - List of licensees and other information to be available.
Section 36-21A-27 - Licensees not qualified for exceptions.
Section 36-21A-28 - Active license required for certain acts.
Section 36-21A-29 - Persons and entities exempt from licensure.
Section 36-21A-30.1 - Education requirement for broker associate license applicants.
Section 36-21A-30.2 - Education requirements for initial licensure as broker associate.
Section 36-21A-31 - Responsible broker's license--Experience and education required.
Section 36-21A-33 - Denial of application--Reasons.
Section 36-21A-34.1 - Requirements for upgrade to broker associate license.
Section 36-21A-35 - Application for license--Contents--Oath or affirmation.
Section 36-21A-36 - Written examination--Time and place--Contents.
Section 36-21A-36.1 - Application for license--Time limit.
Section 36-21A-37 - License required for real estate firm.
Section 36-21A-41 - Qualification by examination required.
Section 36-21A-43 - Examination reciprocity with other states.
Section 36-21A-49 - Application fee for individual licensure.
Section 36-21A-52 - Registration of place of business--Change of location.
Section 36-21A-53 - Branch office name.
Section 36-21A-60 - Additional fees.
Section 36-21A-61 - Biennial registration--Cancellation upon failure to register.
Section 36-21A-62 - Biennial proof by licensees of continuing education--Persons exempt.
Section 36-21A-63 - Approved courses for continuing education--List maintained--Standards.
Section 36-21A-64 - License inactive until proof of continuing education provided.
Section 36-21A-65 - Exceptions to continuing education requirements.
Section 36-21A-66 - Late renewal application--Fee.
Section 36-21A-69.1 - Responsible broker to surrender associate licenses.
Section 36-21A-71 - Acts constituting unprofessional conduct.
Section 36-21A-72 - Restrictions on licensee advertising.
Section 36-21A-74 - Preservation of records.
Section 36-21A-75 - Closing statements to be furnished by brokers.
Section 36-21A-76 - Cobrokerage transaction--Money held in broker's trust account.
Section 36-21A-77 - Purchaser deposits in unconsummated transactions.
Section 36-21A-78 - Substantiation of information in listing agreement--Latent defects.
Section 36-21A-79 - Broker's responsibility for activities of affiliated licensees.
Section 36-21A-80 - Handling of money received by broker for principal.
Section 36-21A-83 - Records kept by broker remitting immediately to principal.
Section 36-21A-86 - Procedure on revocation of license--Appeal.
Section 36-21A-87 - Violation of chapter as misdemeanor.
Section 36-21A-88 - Action for compensation of unlicensed persons prohibited.
Section 36-21A-89 - Administration and enforcement of chapter--Promulgation of rules.
Section 36-21A-91 - Actions for injunction--Attorney fees and costs.
Section 36-21A-93 - Application for subdivision certificate--Fee--Contents--Additional information.
Section 36-21A-96 - Designation of executive director of commission as agent for service of process.
Section 36-21A-98 - Recording of instrument conveying interest in subdivision.
Section 36-21A-99 - Cease and desist orders to prevent subdivision sales provisions violations.
Section 36-21A-101 - Establishment of real estate recovery fund--Purpose.
Section 36-21A-105 - Facts to be shown at hearing by applicant for payment from recovery fund.
Section 36-21A-106 - False statement in proceedings against recovery fund as perjury.
Section 36-21A-109 - Defense by judgment debtor in action against recovery fund.
Section 36-21A-111 - Order for payment from recovery fund.
Section 36-21A-112 - Maximum liability of fund for acts of one licensee.
Section 36-21A-113 - Deferred payment of authorized claim--Interest.
Section 36-21A-115 - Subrogation of fund to rights under judgment paid--Assignment.
Section 36-21A-116 - Other disciplinary powers unimpaired--Effect of repayment to fund.
Section 36-21A-119 - Errors and omissions insurance required of salesmen and brokers.
Section 36-21A-120 - Group insurance coverage authorized--Independent errors and omissions coverage.
Section 36-21A-121 - Commission to determine conditions of errors and omissions coverage.
Section 36-21A-124 - Employment status--Independent contractor.
Section 36-21A-125 - Adverse material fact defined.
Section 36-21A-126 - Brokerage defined.
Section 36-21A-127 - Confidential information defined.
Section 36-21A-128 - Informative acts that do not constitute representation.
Section 36-21A-129 - Substantive contact defined.
Section 36-21A-130 - Agency agreements--Requirements.
Section 36-21A-131 - Licensee--Limited relationships.
Section 36-21A-132 - Duties and obligations of licensee representing seller or landlord.
Section 36-21A-133 - Disclosure of client information by seller's or landlord's agent.
Section 36-21A-134 - Seller's agent has no fiduciary duty to customer.
Section 36-21A-134.1 - No duty to disclose sex offender information.
Section 36-21A-135 - Seller's agent may show other properties.
Section 36-21A-136 - Duties and obligations of licensee representing buyer or tenant.
Section 36-21A-138 - Buyer's agent has no fiduciary duty to customer.
Section 36-21A-139 - Buyer's agent may show property to competing clients.
Section 36-21A-143 - Subagency defined.
Section 36-21A-144 - Transaction broker--Duties and obligations.
Section 36-21A-147 - Office policies--Relationships--Written disclosure.
Section 36-21A-148 - Client, licensee not liable for misrepresentation made by the other--Exception.
Section 36-21A-149 - Duties under common law.
Section 36-21A-150 - Duties of broker or licensee after transaction finished.