South Dakota Codified Laws 36-21A-47. Restricted broker’s license–Issuance–Termination and prosecution–Promulgation of rules
Current as of: 2023 | Check for updates
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The commission may promulgate rules pursuant to chapter 1-26 to provide for the issuance of a restricted broker’s license to auctioneers, property managers, mortgage brokers, or time-share or residential-rental agents. The licensee may perform only those duties specified by the license. If the licensee exceeds the authority granted, the license may be terminated and criminal proceedings brought against the licensee.
Terms Used In South Dakota Codified Laws 36-21A-47
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1992, ch 273, § 47; SL 2013, ch 177, § 18; SL 2020, ch 162, § 3; SL 2023, ch 138, § 3.