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

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 2

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

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

Question 3

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	Taxation
D	police power

Question 3 Explanation:

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

Question 4

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

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

Question 5

Does South Dakota have dower laws?

A	Yes
B	No

Question 5 Explanation:

Dower laws were abolished in South Dakota.

Question 6

What is a holographic will?

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

Question 7

Does South Dakota allow Holographic wills?

A	Yes
B	No

Question 8

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

A	19
B	17
C	21
D	18

Question 9

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
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	Gradual subsidence of waters, leaving dry land

Question 10

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

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 11

The license law is administered by:

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

Question 12

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	offer
D	due date

Question 13

An easement by prescription may establish:

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

Question 14

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

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

Question 15

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	4 years
D	2 years

Question 16

Does South Dakota have homestead laws?

A	Yes
B	No

Question 17

Standing trees would be considered:

A	Personal Property
B	Chattels
C	Real property
D	Emblements

Question 18

Does South Dakota allow reciprocity with other states?

A	Yes
B	No

Question 19

Is South Dakota a community property state?

A	No
B	Yes

Question 20

The Salesperson or broker license fee costs how much?

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

Question 21

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 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 interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 22

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

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