South Dakota Real Estate Broker Associate Exam — All Questions

Before taking the South Dakota broker associate licensing examination, an applicant must:

• a.Complete the Commission-approved pre-license education✓
• b.Work two years as an unlicensed assistant
• c.Already hold a responsible broker license
• d.Hold a four-year college degree

South Dakota requires an applicant to complete the Commission-approved pre-license education before taking the broker associate licensing examination. After passing the exam and meeting eligibility requirements, the licensee must associate with a responsible broker to activate the license.

An applicant for a South Dakota broker associate license must complete a course of study of:

• a.Forty class hours
• b.Sixty class hours
• c.One hundred sixteen class hours✓
• d.Two hundred class hours

A broker associate applicant must complete one hundred sixteen class hours of education in a course of study approved by the Commission, given by approved instructors or as an approved independent study or distance education course. Cite: SDCL 36-21A-30.1.

After initial licensure, a South Dakota broker associate must complete postlicensing education of:

• a.Twelve hours during the first renewal cycle only
• b.Sixty class hours, thirty in each of the first two periods✓
• c.Twenty-four class hours in the first active licensing period
• d.One hundred hours before the third renewal deadline

A broker associate first licensed after June 30, 2009 must complete sixty class hours of postlicensing education by the second active renewal deadline, with thirty hours in the initial active licensing period and thirty in the second. Cite: SDCL 36-21A-30.2.

To qualify for a South Dakota responsible broker's license, an applicant must have:

• a.Two years of active service plus twenty-four class hours✓
• b.Five years of active licensed service and no coursework
• c.One year of active licensed service plus sixty class hours
• d.A bachelor's degree in business plus a year of service

The applicant must have served actively for two years as a licensed salesperson or broker associate, or a combination, and furnish evidence of twenty-four additional class hours beyond the broker associate level. The Commission may approve the license conditioned on completing those hours within six months. Cite: SDCL 36-21A-31.

A South Dakota real estate license may not be granted to an applicant whose license was revoked in this or any other state within the preceding:

• a.Five years✓
• b.Ten years
• c.One year
• d.Two years

A license is granted only to persons of reputable character who are at least eighteen, whose application has not been rejected in this or any other state within one year, and whose license has not been revoked in this or any other state within five years before the application. Cite: SDCL 36-21A-30.

South Dakota real estate licensees register with the Commission:

• a.Only once, when the license first issues
• b.Annually, by June thirtieth of each year
• c.Every two years, by November thirtieth✓
• d.Every three years, on the license anniversary date

A licensee, active or inactive, must register every two years and pay the fee set by rule. The renewal application is due by November thirtieth of the year the license expires, and failure to register means the license expires on December thirty-first. Cite: SDCL 36-21A-61.

In each two-year period, a South Dakota broker associate, salesperson or responsible broker must complete continuing education of not less than:

• a.Thirty-six hours
• b.Twelve hours
• c.Sixteen hours
• d.Twenty-four hours✓

A responsible broker, broker associate, salesperson, auctioneer or property manager must show not less than twenty-four hours of approved continuing education in the preceding two-year period; a residential rental agent must show not less than twelve. Cite: SDCL 36-21A-62.

Of the continuing education hours a South Dakota licensee must complete each cycle:

• a.At least six must be in the required subject areas
• b.None is tied to any particular subject area
• c.All of them must come from the required subject areas
• d.At least twelve must be in required subject areas✓

A licensee must complete twenty-four hours of continuing education in the prescribed subject areas, and at least twelve of the twenty-four must be in the required subject areas rather than electives. Cite: ARSD 20:69:11:02.

The passing score on the South Dakota real estate licensing examination is:

• a.Seventy
• b.Seventy-five✓
• c.Eighty
• d.Seventy-two

The passing score on the licensing examinations is 75. Cite: ARSD 20:69:03:07.

For South Dakota prelicensing credit, a classroom hour means:

• a.Any period the course provider schedules as an hour
• b.Sixty full minutes of instruction, breaks included
• c.At least fifty minutes of actual instruction per hour✓
• d.Forty-five minutes of instruction plus study assignments

A classroom hour is a period of at least 50 minutes of actual classroom instruction out of each 60-minute segment, and additional study assignments are not counted as classroom instruction. Cite: ARSD 20:69:04:14.

A South Dakota licensee must carry errors and omissions coverage with minimum limits of:

• a.$25,000 per claim and $100,000 in the annual aggregate
• b.$100,000 per claim and $500,000 annual aggregate✓
• c.$300,000 per claim and $600,000 in the annual aggregate
• d.$1,000,000 per claim and $2,000,000 aggregate

The group policy standard requires not less than $100,000 single-limit liability coverage for each licensee per occurrence or claim, and an annual aggregate limit of not less than $500,000 per licensee, with the minimum applying to each individual licensee. Cite: ARSD 20:69:15:03.