What must a person do to engage in real estate business in South Dakota?

To engage in the real estate business in South Dakota, a person must obtain a real estate broker or salesperson license. This requirement is established by the South Dakota Real Estate Commission, which regulates the activities of real estate professionals in the state.

Becoming a licensed broker or salesperson ensures that individuals are properly trained and knowledgeable about real estate laws, ethics, and practices, further protecting consumers and the integrity of the marketplace. This licensing process typically includes completing a pre-licensing education program, passing a state examination, and meeting other qualifications set by the licensing authority.

While pursuing a career in real estate can benefit from having a degree in real estate or related fields, it is not a mandatory requirement for obtaining a license. Similarly, while appraisers and property managers play important roles in the real estate industry, their licenses pertain specifically to their respective functions and do not allow them to broker real estate transactions unless they also hold a real estate license. Thus, the focus on obtaining a real estate broker or salesperson license underscores the importance of formal recognition and accountability in engaging in real estate activities.