A real estate broker may obtain a property manager license without an examination. A broker associate may manage property independently of a responsible broker if the broker associate has fulfilled the education and experience requirements of SDCL 36-21A-31.

Cross-References: Broker defined, SDCL 36-21A-6.

Source: 15 SDR 100, effective January 10, 1989; transferred from § 20:56:22:04, 20 SDR 18, effective August 16, 1993; 23 SDR 110, effective January 9, 1997; 26 SDR 41, effective September 29, 1999.

General Authority: SDCL 36-21A-47.

Law Implemented: SDCL 36-21A-6 , 36-21A-47.