Which of the following is NOT a requirement for obtaining a broker's license in South Dakota?

To obtain a broker's license in South Dakota, one of the key requirements is to have specific educational qualifications, which are outlined in state regulations. A candidate must complete mandatory education courses that cover various aspects of real estate practice. Additionally, passing a broker's examination is necessary to demonstrate competence in the field. There are also considerations regarding the applicant's criminal history, specifically that they must not have felony convictions which could affect their eligibility for licensure.

While it is common in many states for there to be a requirement to have significant professional experience before upgrading from a salesperson to a broker, South Dakota does not impose a strict three-year period of having been a licensed salesperson as a prerequisite. Instead, the focus tends to be on the completion of required educational courses and passing the examination. This makes the requirement relating to the length of time one must be a licensed salesperson less rigid in this context.