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Real Estate Salesperson Exam — National Portion

Agency (SD): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · South Dakota

After a South Dakota agency agreement ends, which duties continue unless the agreement or law says otherwise?

  1. Loyalty to the client in all of the client's later deals
  2. Accounting for money and property and keeping confidences
  3. Monitoring the property for defects for one more year
  4. Presenting new offers and advising on the client's price
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B. Accounting for money and property and keeping confidences — SDCL 36-21A-150.

Question 2 · South Dakota

In South Dakota, a limited agent is a licensee who has a written agency relationship with whom?

  1. Both seller and buyer in the same in-company transaction
  2. A seller only, under an exclusive right-to-sell listing
  3. Neither party, as an assistant to the transaction only
  4. A buyer only, while the seller is represented by another firm
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A. Both seller and buyer in the same in-company transaction — SDCL 36-21A-1(13); 36-21A-140.

Question 3 · South Dakota

Which activity is substantive contact, not just an informative act, in South Dakota?

  1. Giving a one-time showing of one property only
  2. Discussing the buyer's specific financial qualifications
  3. Answering questions from a consumer at an open house
  4. Setting an appointment to view a listed property
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B. Discussing the buyer's specific financial qualifications — SDCL 36-21A-128; 36-21A-129.

Question 4 · South Dakota

Without informed written consent, which may a South Dakota limited agent NOT disclose?

  1. That the listed home is in a mapped flood zone
  2. That a buyer will pay more than the asking price
  3. A known material defect in the property's roof
  4. A defect in title that is expected to survive the closing
Show the answer

B. That a buyer will pay more than the asking price — SDCL 36-21A-141(1); 36-21A-125.

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