{"data":{"id":"us-sd/sdcl-36-21a-140","jurisdiction":"us-sd","citation":"SDCL § 36-21A-140","heading":"Licensee as limited agent--Written consent of all parties required--Duties and obligations.","body":"A licensee may act as a limited agent only with the informed written consent of all parties to the transaction. A limited agent is an agent for both the seller and the buyer and has the following duties and obligations:\n(1) To perform the terms of any written agreement made with the client;\n(2) To exercise reasonable skill and care for the client;\n(3) To present all written offers to and from the client in a timely manner regardless of whether the client is already a party to a contract to purchase property or is already a party to a contract or a letter of intent to lease;\n(4) To disclose to the client adverse material facts known by the licensee;\n(5) To advise the client to obtain expert advice as to material matters about which the licensee knows but the specifics of which are beyond the expertise of the licensee;\n(6) To account in a timely manner for all money and property received; and\n(7) To comply with any applicable federal, state, and local laws, rules, regulations, and ordinances, including fair housing and civil rights statutes or regulations.","path":["TITLE 36. PROFESSIONS AND OCCUPATIONS","CHAPTER 36-21A. REAL ESTATE LICENSING"],"source_url":"https://sdlegislature.gov/Statutes/36-21A-140","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"c0c73ad6e0909539ca41974632a9c9841c36ef733f7c6b642bcdefb4f6d2071e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-36-21a-139","next":"us-sd/sdcl-36-21a-141"},"notice":"GroundRules: Original legal text. Not legal advice."}