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State of South Dakota
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EIGHTY-EIGHTH SESSION
LEGISLATIVE ASSEMBLY, 2013
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400U0305
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SENATE BILL NO. 7
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Introduced by: The Committee on Commerce and Energy at the request of the South Dakota
Real Estate Commission
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FOR AN ACT ENTITLED, An Act to revise certain provisions regarding the registration of a
place of business with the Real Estate Commission.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 36-21A-52 be amended to read as follows:
36-21A-52. The licensee Each person licensed under this chapter shall register his the
following place of business with the commission, and no licensee may transact business at any
other address:
(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
where 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
apply, on forms furnished by the commission, give written notice to the commission
, before the
removal or within ten days after removal.
The Failure of a licensee
shall designate the to register
a new location of the office or request inactive status, whereupon the commission shall
immediately register the new location for the unexpired period, if the new location is
satisfactory, or place the licensee place of business shall result in that person's license being
placed on inactive status.