S.D. Admin. R. 20:69:08:09

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:69:08:09 - Written contract required

Before a real estate broker performs any services for a potential borrower, the broker and the borrower must enter into a written contract specifying the duties and conditions under which the broker is to perform services. The contract must fully disclose estimated compensations and expenses and must have a definite expiration date.

4 SDR 71, effective 4/30/1978; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 15 SDR 100, effective 1/10/1989; transferred from

General Authority: SDCL 36-21A-89(8).

Law Implemented: SDCL 36-21A-30, 36-21A-47.