Contents of responsible broker course.
Effective Nov 27, 202249 SDR 51Source: 2 SDR 7, effective July 30, 1975; transferred from § 20:56:04:21, 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 § 20:56:04:02.03, 20 SDR 18, effective August 16, 1993; 23 SDR 110, effective January 9, 1997; 30 SDR 40, effective September 30, 2003; 35 SDR 305, effective July 1, 2009 ; 49 SDR 51, effective November 27, 2022 . | General Authority: SDCL 36-21A-31 . | Law Implemented: SDCL 36-21A-31 .
The responsible broker course is a course in brokerage. The course must be a minimum of 24 hours long and contain a final examination which demonstrates knowledge of the subject areas. The course must include the following subject areas:
- (1) Advertising compliance;
- (2) Brokerage best practices;
- (3) Business ethics;
- (4) Business and strategic planning;
- (5) Compensation planning;
- (6) Policy review and risk management;
- (7) State specific contracts;
- (8) Exit strategies, including selling and transferring of ownership;
- (9) Human resource essentials, including instruction on the differences between an employee and an independent contractor;
- (10) Legal issues; and
- (11) Trust accounting and finance.
Source: 2 SDR 7, effective July 30, 1975; transferred from § 20:56:04:21, 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 § 20:56:04:02.03, 20 SDR 18, effective August 16, 1993; 23 SDR 110, effective January 9, 1997; 30 SDR 40, effective September 30, 2003; 35 SDR 305, effective July 1, 2009 ; 49 SDR 51, effective November 27, 2022 .
General Authority: SDCL 36-21A-31 .
Law Implemented: SDCL 36-21A-31 .
Prior versions effective: 2009-07-01.