Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of South Dakota or anyone looking to become a real estate agent or realtor in South Dakota. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The South Dakota Real
Estate Commission, of the South Dakota Department of Revenue and Regulation,
administers all aspects of the real estate licensing act within the state. The main
mission of the Commission is to protect the interest of the public when engaged in a real
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
and having successfully completed 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.
The requirements for a real estate broker license in South Dakota include being at
least 18 years of age and having two years of active licensed real estate experience, plus
successfully completing the education requirement of 116 hours. Applicants must pass the
real estate exams with at least a 75% score and be approved by the Commission.
The approved real estate schools for prelicensure
and continuing education
are located in five different cities. Courses
available include classroom courses, distance learning, and independent study.
estate exams may be taken by computer in Rapid City or Sioux Falls. The exams
are handled by Applied Measurement Professionals' (AMP), and you can apply by phone or by
mail. The examination fee for a broker or broker associate is $190.00. This fee is payable
to the testing company. All applicants have 60 days from notice of passing the exam to
apply for their license. If the license is not applied for within that time, the passing
score is forfeited.
The license fee (fee
schedule) for both the associate broker and broker applications is $225.00,
and a reciprocal salesperson application fee is also $225.00. The real estate agent
licenses are valid for a two year period, and the renewal fee is $125.00 every two years.
The late renewal penalty is $20.00 per month.
You can obtain almost all of the South Dakota real
estate forms online.
Real estate careers are strengthened by membership in the many organizations that
provide services for the professional agent. Organizations like the South Dakota Association of Realtors
and the National Association of Real Estate
Brokers (NAREB) assist many in locating real estate jobs within the industry.
The Association of Real Estate License Law
Officials (ARELLO) and The National
Association of Realtors (NAR), the world's largest professional association,
are excellent resources for real estate education and professional enrichment.