State Codes and Statutes

Statutes > South-dakota > Title-36 > Chapter-21a > Statute-36-21a-144

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;
(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.