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Questions by Category

Sd-Re-Agency-Disclosures41 questions
Sd-Re-Licensing37 questions
Property-Ownership23 questions
Contracts23 questions
Sd-Re-State-Regulations17 questions
Financing17 questions
Sd-Re-Trust-Accounts13 questions
Agency12 questions
Valuation10 questions
Fair-Housing7 questions
2026 Statistics

Key Facts: SD Real Estate Exam

142 Q

Exam Length

PSI SD candidate bulletin

90 + 52

National + State Split

PSI SD candidate bulletin

75%

Passing Score (Each Section)

SDREC

116 hrs

Pre-License Education

SDREC licensing requirements

$225

Application Fee

SDREC fee schedule

24 hrs/2yr

CE Renewal Requirement

SDREC (biennial renewal)

South Dakota uses 'Broker Associate' (not 'Salesperson') as the entry-level real estate license and 'Responsible Broker' as the supervisory level. The PSI exam has 90 national questions + 52 state questions = 142 total; both sections require 75% to pass. Pre-licensing: 116 hours (100 national + 16 SD live classroom), valid for 2 years. Apply within 60 days of passing. Key SD topics: Three agency types — Single Agency, Limited Agency (= dual agency, requires PRIOR written consent of BOTH parties per SDCL 36-21A-138), and Appointed Agency (SDCL 36-21A-141.1, no imputation of knowledge); trust account monthly reconciliation with individual client ledgers (SDCL 36-21A-80/83); methamphetamine disclosure if actual knowledge (affirmative obligation); sex offender disclosure if actual knowledge AND buyer inquires (SDCL 36-21A-134.1); property management requires separate SDREC property manager license; biennial renewal with 24 hours CE.

About the SD Real Estate Exam

The South Dakota real estate exam covers national real estate fundamentals plus South Dakota-specific topics including SDREC regulations (SDCL Chapter 36-21A), Broker Associate and Responsible Broker license types, 116-hour pre-license education (100 national + 16 SD live classroom hours), SD's three agency types (Single Agency, Limited Agency, Appointed Agency), trust account requirements with monthly reconciliation, methamphetamine disclosure obligations, sex offender disclosure rules, property management licensing, and South Dakota license law.

Questions

142 scored questions

Time Limit

4.5 hours total

Passing Score

75% on each section

Exam Fee

$105 (SD Real Estate Commission (SDREC) / PSI Services LLC)

SD Real Estate Exam Content Outline

32%

SD License Law & SDREC

SDREC structure and authority (SDCL 36-21A), Broker Associate and Responsible Broker license types, 116-hr pre-license education (100 national + 16 SD live classroom), license application and fees ($225 application, $105 exam, $50 background check), 60-day application deadline after passing, education valid 2 years, license renewal (biennial), 24 hours CE, advertising rules, disciplinary sanctions, E&O insurance requirement, SDREC investigation process

28%

SD Agency & Disclosures

Three SD agency types: Single Agency (one party), Limited Agency (= dual agency, requires prior written consent of BOTH parties, SDCL 36-21A-138), Appointed Agency (SDCL 36-21A-141.1, no imputation of knowledge between appointed agents); Real Estate Relationships Disclosure form (provided before discussing confidential objectives, not a contract); confidentiality survives termination; sex offender disclosure (actual knowledge + inquiry, SDCL 36-21A-134.1); methamphetamine disclosure (affirmative obligation if actual knowledge)

22%

Trust Accounts & Statutory Requirements

Trust account requirements (SDCL 36-21A-80): deposit within reasonable time, monthly reconciliation with individual client ledgers; immediate remittance alternative (SDCL 36-21A-83); commingling prohibition; conversion; disputed earnest money handling; unprofessional conduct definitions (SDCL 36-21A-71); E&O notification requirement (SDCL 36-21A-119); property manager license (separate from broker associate license)

18%

SD Property & Special Topics

Property management requirements (SDREC exam + Fundamentals of Property Management course), landlord-tenant law (habitable premises, security deposits), SD adverse possession (20 years), property taxes (mill levy), fair housing compliance, national financing and valuation principles applied to SD transactions, environmental disclosures (radon, lead-based paint), RESPA/TRID compliance

How to Pass the SD Real Estate Exam

What You Need to Know

  • Passing score: 75% on each section
  • Exam length: 142 questions
  • Time limit: 4.5 hours total
  • Exam fee: $105

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

SD Real Estate Study Tips from Top Performers

1Remember SD's unique terminology: 'Broker Associate' is the entry-level license (not Salesperson), 'Responsible Broker' is supervisory — this distinction is always tested
2Master SD's three agency types: Single Agency (one party), Limited Agency (dual agency requiring PRIOR written consent of BOTH parties), and Appointed Agency (no knowledge imputation, SDCL 36-21A-141.1)
3Know the 116-hour pre-license requirement: 100 national hours + 16 SD live classroom hours (must be live, not online)
4Study the trust account monthly reconciliation requirement with individual client ledgers under SDCL 36-21A-80
5Know the sex offender disclosure rule: must disclose only if you have ACTUAL KNOWLEDGE AND the client specifically INQUIRES (SDCL 36-21A-134.1)
6Memorize key deadlines: apply within 60 days of passing exam, education valid for 2 years, biennial renewal with 24 hours CE
7Understand that property management in SD requires a SEPARATE property manager license from SDREC (not just a broker associate license)

Frequently Asked Questions

How many questions are on the South Dakota real estate exam?

The South Dakota PSI exam has 142 scored questions: 90 on the national portion and 52 on the South Dakota state-specific portion, for 4.5 hours total. Both sections require a passing score of 75%. PSI administers the exam at testing centers throughout South Dakota. The combined fee is $105.

Does South Dakota have a 'salesperson' real estate license?

No. South Dakota uses 'Broker Associate' as the entry-level real estate license — there is no 'Salesperson' title. The supervising license is called 'Responsible Broker.' Broker Associates must work under a Responsible Broker. This terminology distinction (Broker Associate, not Salesperson) is frequently tested on the state portion of the exam.

What is Limited Agency in South Dakota?

Limited Agency under SDCL 36-21A-138 is South Dakota's framework for representing both buyer and seller in the same transaction — equivalent to what other states call 'dual agency.' In South Dakota, a broker may represent both parties only with the PRIOR WRITTEN PERMISSION of both parties obtained BEFORE the conflict arises. The SD Real Estate Relationships Disclosure form must be provided to clients before discussing their confidential objectives.

What are South Dakota's trust account requirements?

Under SDCL 36-21A-80, South Dakota real estate trust accounts must: (1) deposit all client funds promptly (within a reasonable time); (2) be reconciled monthly with individual client ledgers; and (3) never be commingled with personal funds. Alternatively, under SDCL 36-21A-83, a broker may remit funds immediately to the principal rather than holding them in trust. Violations including conversion (using client funds for personal benefit) are grounds for license revocation.

SD Real Estate Resources