22.385.10 97th Legislative Session 556
Introduced by: The Committee on Commerce and Energy at the request of the Department of Labor and Regulation
An Act to revise notice and record keeping requirements of real estate brokerages.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That § 36-21A-39 be AMENDED:
of a corporation, partnership, limited liability company, or
association, the responsible broker shall
return the firm license to
within ten days by mail or e-mail.
Section 2. That § 36-21A-52 be AMENDED:
36-21A-52. Each person licensed under this chapter shall register the following place of business with the commission:
(1) For a broker associate or real estate salesperson, the licensee's responsible broker's place of business; or
(2) For a responsible broker or
restricted broker, the licensee's main place of business
all work files are physically maintained and,
where the commission may send official communication.
In case of removal from the
registered address, the licensee and responsible broker shall give
written notice to the commission before the removal or within ten
days after removal.
of a licensee to register a new place of business shall result in
that person's license being placed on inactive statusIf
a licensee fails to register a new place of business, the commission
must place the licensee on inactive status.
Underscores indicate new language.
indicate deleted language.