50-State Real Estate Broker Licensing Compliance Guide
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South Dakota Real Estate License

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Licensing requirements for South Dakota brokerage firms.

A business entity offering real estate brokerage services to the public typically must register with the real estate commission before conducting business activity. For assistance with licensing, please contact us to learn about our software and managed license services.

Company Licenses

South Dakota Real Estate Company Licenses

South Dakota Real Estate Firm License

Agency:South Dakota Real Estate Commission
Law:

SDCL 36-21A-33

Eligible Entity Types:
  • Corporations
  • Limited Liability Companies
  • General Partnerships 
  • Associations 
  • Limited Liability Partnerships 
Foreign Qualification is Prerequisite:Yes
Ownership Requirements:
  • If the firm is a corporation, this application must be signed by the President and Secretary of the corporation and the responsible broker.
  • If the firm is a partnership, association, or limited liability company, this application must be signed by all members and acknowledged by the responsible broker. 
Insurance Requirements:

Errors and omission insurance is required for all active brokers, broker associates, property managers, real estate auctioneers, residential rental agents, and salespeople. A group policy for errors and omissions insurance is offered by the South Dakota Real Estate Commission (SDREC) through Rice Insurances Services Company, LLC (RISC).

Notes:

Persons moving to South Dakota who presently hold a real estate license in their resident jurisdiction: If you presently hold a real estate license in your state of residence and are moving to South Dakota, or if you have already moved to South Dakota and still hold a license in your previous state of residence, you may acquire the equivalent license in South Dakota by submitting a certificate of licensure showing good standing along with the application.

Qualifying Individual Requirements:
  • There must be an individual designated as the responsible broker, auctioneer or property manager who will represent the firm. 
  • Educational requirements:
    • 116-hour prelicensing course
    • 15-hour responsible broker course 
  • Experience of at least 2 years of active status
  • An Exam score of 75% Approval of Application 

Initial Registration

Form:

Application for Real Estate Firm License, Registration for Corporation/LLC Formed Solely for Purpose of Collection of Real Estate Commissions

Instructions:
  • Nonresidents of South Dakota seeking to obtain the equivalent South Dakota license must successfully complete the below requirements.
    • Request DCI fingerprint cards from the Real Estate Commission. Comeplte this form and send via email to dlr.realestate@state.sd.us
    • Register and pass the State Exam at goamp.com
    • Mail packet to the Real Estate Commission containing:
      • Completed application with the appropriate fee
      • Original score report for the state portion of licensing examination
      • Certificate of license history from the real estate regulatory agency from each state/jurisdiction in which you currently hold or have ever held a license (must be dated within the last 30 days)
      • Proof of errors and omissions insurance 
      • Completed fingerprint cards and check for $43.25 made payable to "DCI"
    • You will need to contact the South Dakota Department of REvenue for business tax infromation 
Filing Method:

Mail 

Agency Fee:

$100

How to Apply:
  • If the firm is a corporation, this application must be signed by the President and Secretary of the corporation and the responsible broker. 
  • If the firm is a partnership, association, or limited liability company, this application must be signed by all members and acknowledged by the responsible broker.

Registration Renewal

Form:

Online

Agency Fee:

$125

Due:

Biennially

Penalties:

Any licensee who does not submit the renewal application by January 1 will be placed on a non-renewal status and will have until June 30 to complete the renewal application. As of July 1 if a licensee has not completed the renewal application, the license will become invalid and will no longer be eligible for renewal. Renewal applications received from December 1 through June 30 will be subject to late fees.

Individual Licenses

South Dakota Individual Real Estate Licenses

South Dakota Real Estate Broker Associate License

Agency:South Dakota Real Estate Commission

Initial Registration

Agency Fee:

$225

Notes:

License applications are provided after passing the exam.

Registration Renewal

Filing Method:

Online

Agency Fee:

$125

Due:

Biennially

South Dakota Real Estate Broker License

Agency:South Dakota Real Estate Commission

Initial Registration

Agency Fee:

$225

Notes:

License applications are provided after passing the exam.

Registration Renewal

Filing Method:

Online

Agency Fee:

$125

Due:

Biennially

South Dakota Real Estate Salesperson License

Agency:South Dakota Real Estate Commission

Initial Registration

Form:

Nonresident Application

Agency Fee:

$225

Registration Renewal

Filing Method:

Online

Agency Fee:

$125

Due:

Biennially

Learn about real estate licensing in other states:

Associate Broker - Associate brokers are qualified to work independently as a broker, but choose to work under the authority of a designated broker.

On-Site Manager - A broker or salesperson who oversees the operations of a branch office under the authority of the designated broker.

Qualifying Broker/Designated Broker - An experienced and licensed real estate broker responsible for management and operation of a real estate firm.

Real Estate - Land, buildings, and their permanent improvements and fixtures. Also called "real property" in contrast to personal property.

Real Estate Agent - This term refers generally to any licensed real estate professional.

Reciprocity - Reciprocity makes it easier for out-of-state real estate firms to gain approval to operate in a foreign state by streamlining some licensing requirements.

Association of Real Estate License Law Officials (ARELLO)
Offers a license verification database accross 43 jurisdictions.

NAIOP Commercial Real Estate Development Association Agencies
Aid education, research, and advocacy efforts in the real estate industry.

National Association of Realtors
Real estate trade organization that provides information and resources for development of the real estate industry.

Urban Land Institute
Research and education association concerned with responsible land use and creating sustainable communities.

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