36-21A-144. Transaction broker--Duties and obligations.Any licensee acting as a transaction broker has the following duties and obligations:(1)To perform the terms of any written agreement made with the customer;(2)To exercise reasonable skill and care for the customer;(3)To present all offers in a timely manner;(4)To account in a timely manner for all money and property received;(5)To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances including fair housing and civil rights statutes or regulations; and(6)To disclose to the customer all adverse material facts known by the licensee.No licensee acting as a transaction broker may advise any party to a transaction to the detriment of another party. Source: SL 1998, ch 229, §21.
South Dakota Legal Code