South Dakota Codified Laws 36-21A-138. Buyer’s agent has no fiduciary duty to customer
Current as of: 2023 | Check for updates
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No licensee acting as a buyer’s or tenant’s agent owes any fiduciary duty or obligation to a customer. A licensee shall provide disclosure of all adverse material facts known by the licensee to any customer.
No buyer’s or tenant’s agent owes any duty to conduct an independent investigation of the client’s financial condition.
Terms Used In South Dakota Codified Laws 36-21A-138
- Fiduciary: A trustee, executor, or administrator.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SL 1998, ch 229, § 15.