(House Bill 1153)
An Act to revise the number of class hours required to obtain a responsible broker's license.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That § 36-21A-31 be AMENDED:
An applicant for a
responsible broker's license shall have served actively for two years
as a licensed salesperson or broker associate, or a combination
thereof, and shall furnish evidence of completion of
additional class hours beyond the broker associate level in a course
approved by the commission
and given by
instructors approved by the commission,
or in an independent study or distance education course approved by
the commission. If the applicant for a responsible broker's license
meets all requirements except the
for twenty-four additional class hours,
the commission or executive director may approve the applicant for a
responsible broker's license
if the applicant certifies in writing to furnish,
conditioned on the applicant furnishing
the commission with evidence of completion of the
twenty-four additional class hours
within six months of the date of the approval. The commission may
adopt rules, pursuant to chapter 1-26,
to specify requirements for the course of study. Any person licensed
as a broker associate under § 36-21A-34.1
shall, in addition to the education requirements of this section,
complete the broker examination requirements to qualify as a
responsible broker. Any broker licensed prior to July 1, 1996, is
exempt from these requirements.
Section 2. This Act is effective on January 1, 2023.
Signed March 8, 2022
Catchlines are not law. (§ 2-16-13.1) Underscores indicate new language.
indicate deleted language.