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

Standing trees would be considered:

A	Chattels
B	Emblements
C	Personal Property
D	Real property

Question 2

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 3

An easement by prescription may establish:

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

Question 4

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	due date
D	offer

Question 5

What is a holographic will?

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

Question 6

What term means "going to the state?"

A	Taxation
B	police power
C	Eminent Domain
D	escheat

Question 6 Explanation:

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

Question 7

Does South Dakota allow reciprocity with other states?

A	Yes
B	No

Question 8

Is South Dakota a community property state?

A	No
B	Yes

Question 9

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

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

Question 10

Does South Dakota have dower laws?

A	No
B	Yes

Question 10 Explanation:

Dower laws were abolished in South Dakota.

Question 11

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

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

Question 12

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

A	Habendum
B	novation
C	acknowledgement
D	Premises

Question 13

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 give informed consent to this arrangement
C	None; the broker may only collect compensation from one party to a transaction
D	Only when both buyer and seller have legal representation

Question 14

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

A	18
B	21
C	17
D	19

Question 15

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

Question 16

Does South Dakota allow Holographic wills?

A	Yes
B	No

Question 17

The Salesperson or broker license fee costs how much?

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

Question 18

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 lived in the state for more than a year
D	Must have a Bachelors degree

Question 19

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

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

Question 20

Does South Dakota have homestead laws?

A	No
B	Yes

Question 21

What is homestead protection?

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

Question 22

The license law is administered by:

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

Question 23

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

A	Agent
B	Lessor
C	Lessee
D	Buyer

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