All the requirements relating to trust accounts imposed by SDCL Chapter 36-21A or Article 20:69 upon real estate agents apply to time-share agents.

Cross-References:

Handling of money received by broker for principal, SDCL 36-21A-80.

Deposit slip and ledger sheet for special trust account, SDCL 36-21A-82.

Documents kept by broker remitting immediately to principal, SDCL 36-21A-83.

Completed transaction required for compensation of broker, SDCL 36-21A-84.

Acts constituting unprofessional conduct, SDCL 36-21A-71(5).

Source: 10 SDR 68, effective January 1, 1984; 12 SDR 151, 12 SDR 155, effective July 1, 1986; transferred from § 20:56:21:20, August 16, 1993.

General Authority: SDCL 36-21A-89 , 43-15B-6.

Law Implemented: SDCL 36-21A-47 , 43-15B-6 , 43-15B-7.