South Dakota Real Estate Exam Prep

SD Salesperson Practice Exam

Our South Dakota Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to South Dakota’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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South Dakota License Requirements

The term real estate salesperson is not used in South Dakota. Rather, the beginning level for a real estate agent is as a real estate broker associate.

The requirements for a real estate broker associate license in South Dakota include

Being at last 18 years of age
Successfully completing at least 116 hours of approved real estate education.
All broker associate applicants need to pass the real estate exams with at least a 75% score and be approved by the Commission.
No previous experience is required.

South Dakota Sample Practice Real Estate Exam Questions and Answers

South Dakota State Section

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Question 1

How many years of real estate experience are required in order to be eligible to get a real estate broker license?

A	1 year
B	3 years
C	2 years
D	4 years

Question 2

Does South Dakota have homestead laws?

A	No
B	Yes

Question 3

Is South Dakota a community property state?

A	Yes
B	No

Question 4

Does South Dakota have dower laws?

A	Yes
B	No

Question 4 Explanation:

Dower laws were abolished in South Dakota.

Question 5

An easement by prescription may establish:

A	who owes back taxes
B	a claim to title
C	homestead rights
D	use of property

Question 6

Which of the following is a landlord's option for a tenant not paying rent?

A	lock the tenant out of the apartment
B	shut off the gas
C	unlawful detainer action in court
D	shut off the power

Question 7

What is the required minimum age to be eligible to obtain a Salesperson license in South Dakota?

A	18
B	17
C	19
D	21

Question 8

What is a holographic will?

A	a will that has been approved by each family member.
B	a standard boiler plate will.
C	a will that displays in 3D
D	a will and testament that has been entirely handwritten and signed by the testator.

Question 9

Which of the following isn't part of a deed?

A	novation
B	Premises
C	acknowledgement
D	Habendum

Question 10

Which is not necessary for a valid contract?

A	due date
B	legal object
C	offer
D	acceptance

Question 11

Does South Dakota allow Holographic wills?

A	Yes
B	No

Question 12

The license law is administered by:

A	The South Dakota Department of Education
B	The South Dakota Department of Justice
C	The South Dakota Real Estate Commission, of the South Dakota Department of Revenue and Regulation.
D	The South Dakota Department of Taxation and Finance

Question 13

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessee
B	Buyer
C	Agent
D	Lessor

Question 14

What term means "going to the state?"

A	Taxation
B	police power
C	escheat
D	Eminent Domain

Question 14 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 15

Standing trees would be considered:

A	Real property
B	Emblements
C	Personal Property
D	Chattels

Question 16

In what circumstances, if any, can a broker in South Dakota who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	In most circumstances, except when the buyer and seller are related
B	Only when both buyer and seller have legal representation
C	Only when both buyer and seller give informed consent to this arrangement
D	None; the broker may only collect compensation from one party to a transaction

Question 17

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must be 25 or older
C	Must have a Bachelors degree
D	Must have lived in the state for more than a year

Question 18

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 2% for each point charged
B	The seller has agreed to pay 1% of the closing costs
C	The loan does not close and the buyer owes the lender for services rendered
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 19

What is homestead protection?

A	Gradual subsidence of waters, leaving dry land
B	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
C	Net cash remaining to investor after sale of investment property
D	The estimated value that an asset will have at then end of it's useful life

Question 20

Which of the following would not put a sales person in jeopardy of losing their license in South Dakota?

A	Convicted of a felony
B	Placing an ad claiming to be a broker when they are not.
C	Being authorized to accept and excessive commission.
D	Depositing his/her clients escrow money into a personal account

Question 21

Does South Dakota allow reciprocity with other states?

A	No
B	Yes

Question 22

The Salesperson or broker license fee costs how much?

A	$25 flat fee
B	$20 processing fee plus $20 credit report
C	$10 processing fee plus a $25 credit report
D	$190

Question 23

How soon can a broker receive a commission check after a closing in South Dakota?

A	When the Buyer moves in.
B	Once the offer sheet is signed.
C	Once the seller agrees to the price.
D	After the transaction is completed and funded.

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