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.

How to Become a Real Estate Agent in South Dakota

If you are ready to become a real estate professional in SD, you must successfully complete 116 hours of approved real estate classes and obtain at least a 75 percent score on the state’s real estate test. Our team has put together the best South Dakota real estate test prep guides. We can help you pass the exam — guaranteed.

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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

Which is not necessary for a valid contract?

A	legal object
B	due date
C	offer
D	acceptance

Question 2

Is South Dakota a community property state?

A	No
B	Yes

Question 3

An easement by prescription may establish:

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

Question 4

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

A	Lessor
B	Agent
C	Lessee
D	Buyer

Question 5

Does South Dakota have homestead laws?

A	No
B	Yes

Question 6

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

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

Question 7

The Salesperson or broker license fee costs how much?

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

Question 8

Does South Dakota have dower laws?

A	No
B	Yes

Question 8 Explanation:

Dower laws were abolished in South Dakota.

Question 9

Does South Dakota allow reciprocity with other states?

A	Yes
B	No

Question 10

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 11

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

A	The loan does not close and the buyer owes the lender for services rendered
B	The seller has agreed to pay 1% of the closing costs
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 12

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

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

Question 13

What term means "going to the state?"

A	Eminent Domain
B	police power
C	escheat
D	Taxation

Question 13 Explanation:

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

Question 14

What is homestead protection?

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

Question 15

Does South Dakota allow Holographic wills?

A	No
B	Yes

Question 16

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 17

The license law is administered by:

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

Question 18

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

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

Question 19

Standing trees would be considered:

A	Personal Property
B	Real property
C	Emblements
D	Chattels

Question 20

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

A	21
B	17
C	18
D	19

Question 21

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

Question 22

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

A	Premises
B	novation
C	Habendum
D	acknowledgement

Question 23

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

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

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