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

The Salesperson or broker license fee costs how much?

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

Question 2

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

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

Question 3

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 4

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 5

Does South Dakota have dower laws?

A	Yes
B	No

Question 5 Explanation:

Dower laws were abolished in South Dakota.

Question 6

An easement by prescription may establish:

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

Question 7

Does South Dakota allow Holographic wills?

A	Yes
B	No

Question 8

What is homestead protection?

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

Question 9

Does South Dakota have homestead laws?

A	Yes
B	No

Question 10

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 11

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 have a Bachelors degree
C	Must be 25 or older
D	Must have lived in the state for more than a year

Question 12

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	escheat
D	police power

Question 12 Explanation:

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

Question 13

Does South Dakota allow reciprocity with other states?

A	Yes
B	No

Question 14

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

A	acknowledgement
B	Premises
C	novation
D	Habendum

Question 15

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

Question 16

Standing trees would be considered:

A	Chattels
B	Personal Property
C	Emblements
D	Real property

Question 17

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

A	Lessor
B	Agent
C	Buyer
D	Lessee

Question 18

Is South Dakota a community property state?

A	No
B	Yes

Question 19

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

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

Question 20

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	legal object
D	offer

Question 21

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

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

Question 22

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	1 year
C	2 years
D	4 years

Question 23

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

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