<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 54-14-12.3 - Real estate brokerage activity defined. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072428Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072428SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072428CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072428Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072428DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072428Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072428000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072428SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072428SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2072428Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-12.3"><span class="s2072428SENU">54-14-12.3</span></a><span xml:space="preserve" class="s2072428SENU">. </span><span class="s2072428CL">Real estate brokerage activity defined.</span></p><p dir="ltr" class="s2072428Normal-000000"><span class="s2072428DefaultParagraphFont">For the purposes of this chapter, the term, real estate brokerage activity, means any activity that involves offering or providing real estate brokerage services to the public, including:</span></p><p dir="ltr" class="s2072428Normal-000001"><span class="s2072428DefaultParagraphFont">(1)    Acting as a real estate agent or real estate broker for a buyer, seller, lessor, or lessee of real property;</span></p><p dir="ltr" class="s2072428Normal-000001"><span class="s2072428DefaultParagraphFont">(2)    Bringing together parties interested in the sale, purchase, lease, rental, or exchange of real property;</span></p><p dir="ltr" class="s2072428Normal-000001"><span class="s2072428DefaultParagraphFont">(3)    Negotiating, on behalf of any party, any portion of a contract relating to the sale, purchase, lease, rental, or exchange of real property (other than in connection with providing financing with respect to any such transaction);</span></p><p dir="ltr" class="s2072428Normal-000001"><span class="s2072428DefaultParagraphFont">(4)    Engaging in any activity for which a person engaged in the activity is required to be registered or licensed as a real estate agent or real estate broker under any applicable law;</span></p><p dir="ltr" class="s2072428Normal-000001"><span class="s2072428DefaultParagraphFont">(5)    Offering to engage in any activity, or act in any capacity, described in this section.</span></p><p dir="ltr" class="s2072428Normal"><span xml:space="preserve" class="s2072428000002"> </span></p><p dir="ltr" class="s2072428Normal"><span class="s2072428SCL">Source:</span><span xml:space="preserve" class="s2072428SCL-000003"> SL 2009, ch 251, § 4.</span></p></div></body></html>