South Dakota Real Estate Exam
2025 Newest Exam Questions And
Correct Answers | Passed 100%
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Mark, a licensed broker, procures a ready, willing, and able buyer for his seller-
principal. The seller accepts the buyer's offer in writing, the experiences a change
of heart and withdraws the acceptance. In this situation, Mark - CORRECT
ANSWER-is entitled to collect a commission.
A real estate company has entered into agency agreements with both a seller and a
buyer. The buyer is interested in making an offer on the seller's property. Can this
occur? - CORRECT ANSWER-Yes, if the buyer and seller both give their consent
to limited agency.
A seller's listing agreement has expired, and the seller lists with a different
brokerage firm. The original listing agent now has a buyer interested in the seller's
property. The original listing agent - CORRECT ANSWER-cannot disclose to buy
the buyer offers received on the seller's property while it was listed with him.
,A real estate salesperson has been working with buyers. After helping them
negotiate for their dream home, the buyers ask the salesperson if she can help
them secure a mortgage. The salesperson knows a lender that pays a fee for
referring purchasers to them. Should the salesperson refer the buyers to this
lender? - CORRECT ANSWER-No, because this would be an unwise referral
A buyer contacts a real estate office and indicates an interest in purchasing a
nearby home. Without entering into a buyer agency relationship with the buyer, a
salesperson from the real estate office can do all of the following EXCEPT -
CORRECT ANSWER-prequalify the buyer for a mortgage
A buyer prospect is interested in seeing two houses listed with ABC Real Estate
company but does not wish to enter into a buyer agency agreement. A salesperson
from ABC Real Estate Company can show the buyer an in-house listing if the -
CORRECT ANSWER-Salesperson provides the buyer with an agency disclosure
that ABC Real Estate Company represents the seller.
In South Dakota, an exclusive-right-to-represent buyer contract - CORRECT
ANSWER-Must be indicated as such in the buyer agency agreement.
Buyer-brokerage contracts in South Dakota - CORRECT ANSWER-must be in
writing to be enforceable.
All of the following provisions are included in the South Dakota Real Estate
Commission's rules regarding listing agreements EXCEPT that - CORRECT
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
,ANSWER-A listing agreement must be accompanied by a qualified expert's report
of the property's condition .
Which of the following types of agency are recognized in South Dakota? -
CORRECT ANSWER-Seller, buyer, and limited agency
In a limited agency situation, a broker may collect a commission from both the
seller and the buyer if - CORRECT ANSWER-Both parties give their informed
consent to the limited compensation.
A buyer in interested in seeing a house listed with XYZ Realty but does not wish
to enter into an agency relationship. A salesperson from LMN Realty can show the
buyer the house if - CORRECT ANSWER-XYZ Realty obtains the seller's written
consent to sub agency.
When is a seller required to give a buyer a property condition disclosure report? -
CORRECT ANSWER-Seller is not assisted by the licensed real estate licensee
Seller property condition disclosures must be delivered to the buyer - CORRECT
ANSWER-prior to the buyer making a written offer.
A seller has no knowledge of any plumbing system problems on the property she is
selling. In actuality, however, the pipes are seriously corroded and will soon need
to be replaced. In the seller property condition disclosure, when responding to
whether the seller has any knowledge of plumbing system problems, she should
respond - CORRECT ANSWER-"unknown."
, In South Dakota, when a broker is listing a home and asks the seller to complete a
property condition disclosure, which of the following statements is true? -
CORRECT ANSWER-Seller disclosure of known property conditions is required
by South Dakota statute.
Five years ago, Unit 5B in a condominium community was the site of a brutal and
highly publicized murder. The unit was sold to an elderly woman who contracted
the AIDS virus in a blood transfusion and died in the unit last year. AS the agent
for the woman's estate, what are your disclosure responsibilities to prospective
purchasers of Unit 5B? - CORRECT ANSWER-You are specifically relieved of
liability for nondisclosure of either by South Dakota license law.
A broker took a listing for a small office building. Because the property is in
excellent condition and produces a good, steady income, the broker's salesperson
has decided to purchase it as an investment. If the broker's salesperson wishes to
buy this property, the salesperson must - CORRECT ANSWER-Inform the owner
in writing that the salesperson is a license before making an offer.
Six months after a buyer bought a house, the roof leaked during a rainstorm. When
the house was listed, the seller told the broker that the roof leaked, but they agreed
not to tell any prospective buyers. The broker claims that the buyer did not ask
about the roof. Under these facts, the buyer - CORRECT ANSWER-can sue the
broker for nondisclosure required by the license law.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
2025 Newest Exam Questions And
Correct Answers | Passed 100%
PASS
Mark, a licensed broker, procures a ready, willing, and able buyer for his seller-
principal. The seller accepts the buyer's offer in writing, the experiences a change
of heart and withdraws the acceptance. In this situation, Mark - CORRECT
ANSWER-is entitled to collect a commission.
A real estate company has entered into agency agreements with both a seller and a
buyer. The buyer is interested in making an offer on the seller's property. Can this
occur? - CORRECT ANSWER-Yes, if the buyer and seller both give their consent
to limited agency.
A seller's listing agreement has expired, and the seller lists with a different
brokerage firm. The original listing agent now has a buyer interested in the seller's
property. The original listing agent - CORRECT ANSWER-cannot disclose to buy
the buyer offers received on the seller's property while it was listed with him.
,A real estate salesperson has been working with buyers. After helping them
negotiate for their dream home, the buyers ask the salesperson if she can help
them secure a mortgage. The salesperson knows a lender that pays a fee for
referring purchasers to them. Should the salesperson refer the buyers to this
lender? - CORRECT ANSWER-No, because this would be an unwise referral
A buyer contacts a real estate office and indicates an interest in purchasing a
nearby home. Without entering into a buyer agency relationship with the buyer, a
salesperson from the real estate office can do all of the following EXCEPT -
CORRECT ANSWER-prequalify the buyer for a mortgage
A buyer prospect is interested in seeing two houses listed with ABC Real Estate
company but does not wish to enter into a buyer agency agreement. A salesperson
from ABC Real Estate Company can show the buyer an in-house listing if the -
CORRECT ANSWER-Salesperson provides the buyer with an agency disclosure
that ABC Real Estate Company represents the seller.
In South Dakota, an exclusive-right-to-represent buyer contract - CORRECT
ANSWER-Must be indicated as such in the buyer agency agreement.
Buyer-brokerage contracts in South Dakota - CORRECT ANSWER-must be in
writing to be enforceable.
All of the following provisions are included in the South Dakota Real Estate
Commission's rules regarding listing agreements EXCEPT that - CORRECT
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
,ANSWER-A listing agreement must be accompanied by a qualified expert's report
of the property's condition .
Which of the following types of agency are recognized in South Dakota? -
CORRECT ANSWER-Seller, buyer, and limited agency
In a limited agency situation, a broker may collect a commission from both the
seller and the buyer if - CORRECT ANSWER-Both parties give their informed
consent to the limited compensation.
A buyer in interested in seeing a house listed with XYZ Realty but does not wish
to enter into an agency relationship. A salesperson from LMN Realty can show the
buyer the house if - CORRECT ANSWER-XYZ Realty obtains the seller's written
consent to sub agency.
When is a seller required to give a buyer a property condition disclosure report? -
CORRECT ANSWER-Seller is not assisted by the licensed real estate licensee
Seller property condition disclosures must be delivered to the buyer - CORRECT
ANSWER-prior to the buyer making a written offer.
A seller has no knowledge of any plumbing system problems on the property she is
selling. In actuality, however, the pipes are seriously corroded and will soon need
to be replaced. In the seller property condition disclosure, when responding to
whether the seller has any knowledge of plumbing system problems, she should
respond - CORRECT ANSWER-"unknown."
, In South Dakota, when a broker is listing a home and asks the seller to complete a
property condition disclosure, which of the following statements is true? -
CORRECT ANSWER-Seller disclosure of known property conditions is required
by South Dakota statute.
Five years ago, Unit 5B in a condominium community was the site of a brutal and
highly publicized murder. The unit was sold to an elderly woman who contracted
the AIDS virus in a blood transfusion and died in the unit last year. AS the agent
for the woman's estate, what are your disclosure responsibilities to prospective
purchasers of Unit 5B? - CORRECT ANSWER-You are specifically relieved of
liability for nondisclosure of either by South Dakota license law.
A broker took a listing for a small office building. Because the property is in
excellent condition and produces a good, steady income, the broker's salesperson
has decided to purchase it as an investment. If the broker's salesperson wishes to
buy this property, the salesperson must - CORRECT ANSWER-Inform the owner
in writing that the salesperson is a license before making an offer.
Six months after a buyer bought a house, the roof leaked during a rainstorm. When
the house was listed, the seller told the broker that the roof leaked, but they agreed
not to tell any prospective buyers. The broker claims that the buyer did not ask
about the roof. Under these facts, the buyer - CORRECT ANSWER-can sue the
broker for nondisclosure required by the license law.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
