S.D. Admin. R. 20:69:16:04 - Appointed agent disclosure
The appointed agent disclosure shall include, at a minimum, the following provisions:
(1) The name
of any appointed agent;
(2) A
statement that the appointed agent will represent the client as the client's
agent and will owe the client duties as set forth in SDCL
36-21A-132 and
36-21A-133;
(3) A statement that the brokerage may
represent both the seller and the buyer in connection with the sale or purchase
of real estate;
(4) A statement
that another affiliated licensee may be appointed during the term of the agency
agreement if the appointed agent is not able to fulfill the terms of the agency
agreement or if the responsible broker and the client agree. An appointment of
another affiliated licensee or an additional affiliated licensee does not
relieve the first appointed agent of any duties owed to the client;
and
(5) A provision for the client
to consent or not consent in writing to the agreement.
Notes
General Authority: SDCL 36-21A-141.1, 36-21A-147.
Law Implemented: SDCL 36-21A-141.1, 36-21A-147.
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