South Dakota Real Estate Terms
Exam Questions With Verified
Answers A+ Pass
Advertisement - CORRECT ANSWER-An advertisement or advertising is any
attempt, by publication or broadcast, whether oral, written or otherwise, to induce
a person to use the services of a licensed real estate broker, real estate salesman or
real estate firm.
Agency Agreement - CORRECT ANSWER-A written agreement between a
broker and a client which creates a fiduciary relationship between the broker and
client. The payment or promise of payment of compensation to a responsible
broker does not determine whether an agency relationship has been created
between any responsible broker or licensees associated with the responsible broker
and a client.
Auctioneer - CORRECT ANSWER-Any person licensed under this chapter who
auctions, offers, attempts or agrees to auction real estate or business opportunities.
Exam Questions With Verified
Answers A+ Pass
Advertisement - CORRECT ANSWER-An advertisement or advertising is any
attempt, by publication or broadcast, whether oral, written or otherwise, to induce
a person to use the services of a licensed real estate broker, real estate salesman or
real estate firm.
Agency Agreement - CORRECT ANSWER-A written agreement between a
broker and a client which creates a fiduciary relationship between the broker and
client. The payment or promise of payment of compensation to a responsible
broker does not determine whether an agency relationship has been created
between any responsible broker or licensees associated with the responsible broker
and a client.
Auctioneer - CORRECT ANSWER-Any person licensed under this chapter who
auctions, offers, attempts or agrees to auction real estate or business opportunities.
