semplr.

Exams · Certifications · Licensing

Real Estate Salesperson Exam — National Portion

Discipline (SD): practice questions

Our Real Estate (National) bank has 8 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · South Dakota

A listing in which the licensee keeps everything above an agreed price as the fee is what, in South Dakota?

  1. A net listing, allowed for commercial property
  2. An exclusive agency listing, allowed if dated
  3. A net listing, which is unprofessional conduct
  4. An open listing, which is allowed with written consent
Show the answer

C. A net listing, which is unprofessional conduct — SDCL 36-21A-71(26).

Question 2 · South Dakota

Unless punishable under Title 22, violating South Dakota's real estate licensing chapter is what offense?

  1. Class 2 misdemeanor
  2. Petty offense with a fine only
  3. Class 6 felony
  4. Class 1 misdemeanor
Show the answer

D. Class 1 misdemeanor — SDCL 36-21A-87.

Question 3 · South Dakota

A buyer offers a promissory note as earnest money. When may the South Dakota licensee accept it?

  1. Only if the note is due within 30 days of seller acceptance
  2. Never; earnest money must be in cash or a certified check
  3. Only if the buyer's lender co-signs the note as guarantor
  4. Only with the written permission of the licensee's principal
Show the answer

D. Only with the written permission of the licensee's principal — SDCL 36-21A-71(38).

Question 4 · South Dakota

A licensee wants to buy a property listed with their own office. What must the licensee do?

  1. Transfer the listing to a different firm before making an offer
  2. Get approval from the commission's executive director in advance
  3. Tell the owner orally and record it in the firm's transaction file
  4. Disclose in writing to the owner their intention or true position
Show the answer

D. Disclose in writing to the owner their intention or true position — SDCL 36-21A-71(13).

Question 5 · South Dakota

If the commission revokes or suspends a firm's license after disciplining its responsible broker, what must each associated licensee do?

  1. End the licensee's relationship with the disciplined firm
  2. Keep working as usual while the firm appeals the commission's action
  3. Apply for a restricted license to finish pending deals
  4. Get written approval from the commission to keep working
Show the answer

A. End the licensee's relationship with the disciplined firm — SDCL 36-21A-70.

More Real Estate (National) topics