Who is exempt from the South Dakota Real Estate License Act?

A property owner selling their own property is exempt from the South Dakota Real Estate License Act because the law allows individuals to manage and sell their own real estate without needing a license. This exemption is consistent across many states, as it recognizes the right of property owners to transact on their own behalf.

In the case of a licensed broker, they are subject to the provisions of the Act and are not exempt. Likewise, a person managing rental properties typically needs a license, as this involves acting on behalf of a landlord in real estate transactions. A person who works as a real estate assistant would also need to be under the supervision of a licensed real estate professional to engage in commercial real estate activities and would not qualify for this exemption. The primary reason for this exemption is to encourage property owners to handle their own transactions freely, fostering a more personal and direct approach to real estate dealings.