Ch. 1 South Dakota Real Estate Flashcards The South Dakota Real Estate CommissionWho is responsible for enforcing standards for education, licensing and the practice of real estate professions?The Professional Administrators Practices and Standards CommissionThe South Dakota Commission of EducationThe South Dakota Real Estate CommissionSouth Dakota Secretary of State All of the AboveList the other Commission Obligations &
Contributions:Offering real estate courses, identify which
courses are open to the licensees and maintenance of a list of licenseesIdentify which institutes are open to the licensees, provide financial assistance and Provide textbooks, sponsored studies, surveys and programsAll of the AboveNone of the Above (ID#: 201117)Correct Answer: All of the Above Identify the Commission business proceduresRetain all accounts of proceedings, communication and official acts of the CommissionOversee of all moneys received, and Deposit of all moneysRecordkeeping and Other duties as they ariseAll of the Above Home Inspectors, Property Managers, Residential Rental Agents, Timeshare Agents, Auctioneers, Responsible Brokers, and Broker Associates Which professions does the South Dakota Real Estate Commission oversee?Home Inspectors, Property Managers, Residential Rental Agents, Timeshare Agents, Auctioneers, Responsible Brokers, and Broker AssociatesHome Inspectors, Property Managers, Appraisers, Insurance Sales Agents/Brokers, and Mortgage BrokersProperty Managers, Residential Rental Agents, Mortgage Brokers, Appraisers and AuctioneersAll of the Above Govern the registration of projectsWhat purpose does the SDRE Commission provide concerning state condominiums, timeshares and subdivision projects?Creating and enforce both administration rules and license lawsProvide Testing to evaluate qualified real estate applicantsFund the Real Estate Recovery FundAll of the Above
All of the AboveList the other Commission Obligations & Contributions:The
Professional Administrators Practices and Standards CommissionThe South Dakota Commission of EducationThe South Dakota Real Estate CommissionSouth Dakota Secretary of State the Commission promulgates rules.In the practice of real estate, statutory law differs from administrative rules in thata violation of a statute is a felony.a violation of a rule is a felony.laws are promulgated
by boards.the Commission promulgates rules.All of the aboveWhat is the purpose of SDRE Commission?Protect the interest of the public when engaged in a real estate
transactionRegulate of all SD Real Estate Acts within the stateEnforce standards for education, licensing and practice of real estate professionalsAll of the above
Both A and CThe primary responsibilities of the South Dakota Real
Estate Commission include:Investigate possible and
alleged violations of the license law and rulesRegulate all written offers between real estate buyers and sellersConduct hearings to impose suspension and revocation of licenses for violationsBoth A and C Provide Testing to evaluate qualified real estate applicantsWhich of the following are some of the primary responsibilities of the SDRE Commission?Protect the interest of the public when engaged in a real estate transactionRegulate of all SD Real Estate Acts within the stateEnforce standards for education, licensing and practice of real estate professionalsAll of the above
RealtyIdentify the keyword that best matches this definition: The
property's improvements or fixtures whether corporeal, incorporeal, freehold or nonfreehold, whether the real property is situated in SD or elsewhereAssetDwellingTenementRealty Mail-in Ballot and Conference Call Voting What options are available for the Commission voting
actions? To cast votes by:Online WebEx Conference
Voting, Mail-in Ballot and Conference Call VotingOnline WebEx Conference Voting, and Conference Call VotingMail-in Ballot and Conference Call VotingA combination of all of the above