South Dakota Codified Laws 36-21A-145. Transaction broker not responsible for–Independent inspections–Statements by seller–Finances
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No licensee acting as a transaction broker has any duty to:
(1) Conduct an independent inspection of the property for the benefit of any party to the transaction;
Terms Used In South Dakota Codified Laws 36-21A-145
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
(2) Independently verify the accuracy or completeness of statements made by the seller, landlord, buyer, tenant, or qualified third–party inspector; or
(3) Conduct an independent investigation of the buyer’s or tenant’s financial condition.
Source: SL 1998, ch 229, § 22.