The broker associate upgrade course for a licensed salesperson upgrading to the broker associate level shall provide for a minimum of 40 instructional hours in subject areas approved by the commission, including the following subject areas:

1. (1) South Dakota real estate license law and rules;
2. (2) Simulation examination preparation;
3. (3) Contracts, trust accounting, and closings;
4. (4) Brokerage relationships;
5. (5) Federal laws, including the Fair Housing Act, Real Estate Settlement Procedures Act, Sherman Antitrust Act, and Americans with Disabilities Act;
6. (6) Professional responsibilities and ethics; and

7. (7) A review of the principles and practices of real estate.

   Practicum exercises and experiences beyond the basic fundamentals of real estate principles and practices must be included in each area of study.

Source: 2 SDR 7, effective July 30, 1975; transferred from § 20:56:04:20, 10 SDR 54, effective December 5, 1983; 12 SDR 102, effective December 22, 1985; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:04:02.02, 20 SDR 18, effective August 16, 1993; 23 SDR 110, effective January 9, 1997; 29 SDR 66, effective November 14, 2002; 30 SDR 40, effective September 30, 2003; 35 SDR 305, effective July 1, 2009.

General Authority: SDCL 36-21A-30.1 , 36-21A-31 , 36-21A-34.1.

Law Implemented: SDCL 36-21A-30.1 , 36-21A-31 , 36-21A-34.1.