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Free South Dakota Real Estate Broker Associate Examination — State Portion Practice Questions

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Sample Practice Questions

Try these 10 sample questions from the South Dakota Real Estate Broker Associate Examination — State Portion practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

  1. 1The Governor is filling seats on the South Dakota Real Estate Commission. Which proposed five-member composition satisfies state law?

    1. A. Three active real estate brokers and two public members
    2. B. Two active real estate brokers and three public members
    3. C. Four active real estate brokers and one public member
    4. D. One active real estate broker and four public members

    Answer: A

    Explanation: SDCL 36-21A-13 states: "Three members shall be active real estate brokers; two shall be members of the public." Therefore the lawful five-member composition is three active brokers and two public members.

    Reference: License Law Book — SDCL 36-21A-13, page 8

  2. 2Before reinstating a revoked license, which remedial condition directly addresses money the licensee improperly retained from a client?

    1. A. Restitution of moneys
    2. B. Payment of fines, costs, and monetary penalties
    3. C. Proof of errors-and-omissions insurance
    4. D. Payment of a recovery-fund assessment

    Answer: A

    Explanation: SDCL 36-21A-50 lists permissible reinstatement conditions, including "Restitution of moneys."

    Reference: License Law Book — SDCL 36-21A-50(1), page 14

  3. 3A licensee receives client money and places it in the licensee's operating account. Which statutory violation does this create?

    1. A. Commingling funds of others with the licensee's own funds
    2. B. Maintaining a separate trust account
    3. C. Remitting the money directly to the principal
    4. D. Depositing funds in a federally insured escrow account

    Answer: A

    Explanation: SDCL 36-21A-71 identifies as unprofessional conduct "commingling funds of others with the licensee's own." The operating-account deposit is commingling.

    Reference: License Law Book — SDCL 36-21A-71(5), page 18

  4. 4A newly appointed South Dakota Real Estate Commission member asks how long a regular term lasts. What is the statutory term?

    1. A. Two years
    2. B. Three years
    3. C. Four years
    4. D. Five years

    Answer: B

    Explanation: SDCL 36-21A-14 provides: "Each member of the commission shall be appointed for a term of three years." A regular appointment therefore lasts three years.

    Reference: License Law Book — SDCL 36-21A-14, pages 8-9

  5. 5Which person is barred by SDCL 36-21A-27 from relying on a chapter exemption for the described real estate activity?

    1. A. A public officer acting within official duties
    2. B. An attorney performing duties as an attorney
    3. C. A licensed broker associate buying for a personal investment
    4. D. A trustee acting under a court order

    Answer: C

    Explanation: SDCL 36-21A-27 states: "Any person licensed under this chapter does not qualify for the exceptions set forth in this chapter including any transaction in which that person has a personal interest."

    Reference: License Law Book — SDCL 36-21A-27, page 10

  6. 6A licensee receives compensation connected with a transaction but does not disclose the full amount to the principal. How is that conduct classified?

    1. A. A permitted post-closing adjustment
    2. B. A compensation-disclosure violation
    3. C. A permitted third-party payment
    4. D. A renewal-accounting issue

    Answer: B

    Explanation: SDCL 36-21A-71 includes "the failure of a licensee to reveal to the licensee's principal or employer the full amount of compensation" as unprofessional conduct.

    Reference: License Law Book — SDCL 36-21A-71(7), page 18

  7. 7A commissioner has completed three consecutive full terms and seeks immediate reappointment. What does South Dakota law provide?

    1. A. A fourth term is allowed with Senate approval
    2. B. A fourth term is allowed if the member is a broker
    3. C. The member may not serve more than three consecutive full terms
    4. D. The member may serve five consecutive full terms

    Answer: C

    Explanation: SDCL 36-21A-14 says: "No member may serve more than three consecutive full terms." Immediate appointment to a fourth consecutive full term is therefore barred.

    Reference: License Law Book — SDCL 36-21A-14, pages 8-9

  8. 8An unexempt person offers to perform an act regulated by the real estate licensing chapter. What license status is required before making that offer?

    1. A. An active license
    2. B. An expired license
    3. C. An inactive license
    4. D. A pending application

    Answer: A

    Explanation: SDCL 36-21A-28 says: "No person, unless exempted under this chapter, may offer, attempt or agree to perform, or perform any act enumerated within this chapter without an active license issued by the commission."

    Reference: License Law Book — SDCL 36-21A-28, page 10

  9. 9During a commission investigation, a licensee refuses a demand to produce a transaction record within the licensee's control. What does the statute treat this as?

    1. A. A permissible records-retention decision
    2. B. A failure-to-cooperate violation
    3. C. A license-renewal deficiency
    4. D. A transaction title defect

    Answer: B

    Explanation: SDCL 36-21A-71 defines as unprofessional conduct "Failing or refusing upon demand to produce any document, book, or record ... concerning a transaction under investigation by the commission."

    Reference: License Law Book — SDCL 36-21A-71(8), page 18

  10. 10A person is appointed only to finish the unexpired portion of a vacant commission term. How is that service classified for the term limit?

    1. A. It counts as two full terms
    2. B. It counts as one full term
    3. C. It counts as half a full term
    4. D. It is not considered a full term

    Answer: D

    Explanation: SDCL 36-21A-14 states: "The appointment to an unexpired term is not considered a full term." The partial service does not consume one of the consecutive full terms.

    Reference: License Law Book — SDCL 36-21A-14, pages 8-9

Topics in this practice bank

These topics describe the available practice for South Dakota Real Estate Broker Associate Examination — State Portion. Review the examination outline and its sources for scope and allocation details.

  • Duties and Powers of the Real Estate Commission (4 Items)
  • Licensing Requirements (6 Items)
  • Statutory Requirements Governing the Activities of Licensees (42 Items)

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These are independent study questions, not actual examination items. For examination requirements and official information, view South Dakota Real Estate Broker Associate Examination — State Portion details.