<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sdf88bc92-3eab-49d1-badb-39d5e8de2e68000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005 { margin-top: 0; margin-bottom: 0; margin-left: 1.30in; margin-right: 0; text-indent: -1.30in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } </style></head><body><div><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0"><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0">CHAPTER </span><a href="https://sdlegislature.gov/Rules?Rule=20:69:03"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000000">20:69:03</span></a></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0"><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68000001"> </span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0">LICENSING AND LICENSES</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0"><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68000001"> </span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0"><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68000001"> </span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">Section</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:01"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:01</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Application for license by examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:02"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:02</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Proof of education to accompany application.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:02.01"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:02.01</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">    Proof of passing score to accompany application.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:03"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:03</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Repealed.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:04"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:04</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Authority to take examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:04.01"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:04.01</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">    Registering for examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:05"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:05</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Failure to appear for examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:06"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:06</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Administration of examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:06.01"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:06.01</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">    Testing service.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:07"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:07</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Passing score on licensing examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:08"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:08</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Cheating on examination.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:09"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:09</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Reinstatement of licensees discharged from armed forces.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:10"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:10</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Application fee -- Brokers and salespersons.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:11"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:11</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Repealed.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:12"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:12</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Application fee -- Firm license.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:12.01"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:12.01</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">    Registration fee -- Broker or associate licensee business corporation or limited liability company.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:13"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:13</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Biennial renewal fee -- Broker.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:14"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:14</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Biennial renewal fee -- Salesperson.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:15"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:15</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Biennial renewal fee -- Firm.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:16"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:16</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Office management.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:17"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:17</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Commission split -- Out-of-state.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:18"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:18</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Transferred.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:19"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:19</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Advance compensation.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:20"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:20</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Rep</span><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">eal</span><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">ed.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:21"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:21</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        </span><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">Repealed</span><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:22"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:22</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Nonresident licensee as applicant -- Certificate of licensure required.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:22.01"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:22.01</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">    Nonresident licensee -- Renewal of license on active status -- Certificate of licensure required.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:23"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:23</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Supervising broker to be licensed in South Dakota.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:24"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:24</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        South Dakota resident licensed as salesperson by examination in another state -- Requirements for obtaining a broker associate license in South Dakota.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:25"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:25</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Nonresident salesperson licensed in South Dakota -- Time to qualify for broker associate upon establishing residency in state.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:26"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:26</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Fees -- Certification of licensure, additional license, duplicate license, and transfer of license.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000005"><a href="https://sdlegislature.gov/Rules?Rule=20:69:03:27"><span class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000004">20:69:03:27</span></a><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68C0-000003">        Late renewal fee.</span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68000001"> </span></p><p dir="ltr" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68P0-000002"><span xml:space="preserve" class="sdf88bc92-3eab-49d1-badb-39d5e8de2e68000001"> </span></p></div></body></html>