<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.s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0 { 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.s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s1c6d4106-1833-43f3-ad61-ae3c2166c4c6000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:69:04:04"><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000000">20:69:04:04</span></a><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000001">.  Contents of responsible broker course.</span><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0"> The responsible broker course is a course in brokerage. The course must be a minimum of </span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">24</span><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0"> hours long and contain a final examination</span><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0"> which demonstrates knowledge of the subject areas. The course must include the following subject areas:</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6000002"> </span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (1)  </span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">Advertising compliance</span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (2)  Brokerage best practices;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (3)  Business ethics;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (4)  Business and strategic planning;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (5)  Compensation planning;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (6)  Policy review and risk management;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (7)  State specific contracts;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (8)  Exit strategies, including selling and transferring of ownership;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (9)  Human resource essentials, including instruction on the differences between an employee and an independent contractor;</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (10)  Legal issues; and</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    (11)  Trust accounting and finance.</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6000002"> </span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    </span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000001">Source:</span><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0"> 2 SDR 7, effective July 30, 1975; transferred from § 20:56:04:21, 10 SDR 54, effective December 5, 1983; 12 SDR 102, effective December 22, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:04:02.03, 20 SDR 18, effective August 16, 1993; 23 SDR 110, effective January 9, 1997; 30 SDR 40, effective September 30, 2003; 35 SDR 305, effective July 1, 2009</span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">; 49 SDR 51, effective November 27, 2022</span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">.</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    </span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000001">General Authority:</span><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21A-31"><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000003">36-21A-31</span></a><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">.</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">    </span><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000001">Law Implemented:</span><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=36-21A-31"><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0-000003">36-21A-31</span></a><span class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6C0">.</span></p><p dir="ltr" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6P0"><span xml:space="preserve" class="s1c6d4106-1833-43f3-ad61-ae3c2166c4c6000002"> </span></p></div></body></html>