How To Get Your South Dakota Real Estate License
Updated: March 4, 2021|
Updated: March 4, 2021|
Getting your South Dakota Real Estate License is the first step to becoming a real estate broker associate in South Dakota. Nowadays, this process can be done almost entirely online. You’ll still need to take your license exam in person, but the rest of the process can be completed entirely online!
This article outlines the process to get your South Dakota Real Estate License in an easy to understand, step-by-step manner. You’ll learn how much it will cost, how long it will take, what is on the exam, and much more.
Becoming a real estate agent in South Dakota is as simple as getting your license, finding a broker sponsor, and getting to work selling real estate! As long as you fulfill the below requirements, you are already on your way to your goal.
The requirements to become a real estate affiliate in South Dakota are:
South Dakota requires that real estate broker associates must complete 116 hours of pre-license coursework before sitting for their exam.
Most people choose to take their pre-license education course online. The majority of online courses are self-paced and include study materials like real estate practice exams and flashcards. Some also come with a “guarantee” that you will pass the exam on your first attempt if you complete their course. These benefits are all dependent on the education provider and package you choose, so be sure to get the course that best suits your needs.
Remember that the point of these courses isn’t just to check a box and complete a requirement, but rather to prepare you to pass your exam and become a better agent.
For real estate license exam courses and study tools, StateRequirement recommends:
South Dakota does not require the final pre-license exam to be supervised by a proctor. This is not the same as the state exam. This test is provided by your pre-license education company and is an indication that you have completed and retained the information from your pre-license education course.
Similar to the state exam, this test is closed-book and closed-note. You are allowed a basic-function calculator and scratch paper, but no cell phones or outside internet access.
After you’ve completed your pre-license education, it’s now time to take the South Dakota Real Estate Exam.
The fee to take the exam is $98 per attempt.
The South Dakota Real Estate Broker Associate Licensing Examination consists of three parts:
You will have 420 minutes (7 hours) to complete the entire exam. The National section time is 150 minutes (2.5 hours), the State section time is 90 minutes (1.5 hours), and the Broker Simulation section is 180 minutes (3 hours).
Before taking the exam, check out StateRequirement’s guide on how to pass the real estate exam. This in-depth guide works as a great partner to your pre-license course to prepare you to pass on your first attempt!
After passing your exam, the next step is to complete your fingerprinting and background check. The South Dakota Real Estate Commission requires that all applicants have a background check performed before they can become a licensed real estate broker associate in South Dakota.
To begin this process, contact the South Dakota Real Estate Commission office to request a set of DCI and FBI fingerprint cards.
Return these cards to the Real Estate Commission with your completed application and a separate check for $43.25 made payable to the DCI. Please be sure to sign and date the DCI fingerprint card on the back to avoid having the cards returned for signature and prolonging your application completion. For best results, complete the fingerprints at a law enforcement agency or fingerprint office.
Completing and turning in your fingerprints will begin the background check process. The South Dakota Real Estate Commission will review any findings in your background report to ensure your eligibility. During this process, they may reach out to you to provide additional information or documentation to clear up any findings.
For those who have criminal offenses or judgments against them, there’s a possibility that you may not be eligible for a real estate license in South Dakota. If this is the case, make sure to attach documents to questions you answer yes to.
Every active licensee is required to carry errors and omissions insurance in South Dakota.
Licensees will need to contact RISC to pay for their group insurance policy. The program is designed specifically for South Dakota licensees and exceeds state minimum requirements. The state group program offers affordable E&O insurance to each and every active licensee by spreading the risk over a large number of insureds.
Licensees who purchase errors and omissions insurance coverage instead of the group policy provided by Rice Insurance Services Company should make sure that their private provider is a carrier in South Dakota.
If you wish to enroll in another errors and omissions insurance policy, you will need to provide your certificate of coverage from your insurance company to the real estate commission prior to being issued a license.
The last step to getting your real estate license in South Dakota is to complete your license application.
Submit the completed application form to the following address:
South Dakota Real Estate Commission
221 W. Capitol Ave Suite 101
Pierre, South Dakota 57501
Along with the application form, you must also attach the following documents:
The application must be filed within 60 days after passing the examination.
Once you’ve passed your exam, you will only need to wait for your background report to come back as a pass. It might take 2 to 4 weeks to process your application. After this, you should receive an email from the South Dakota Real Estate Commission with a license document. If you have any questions at this point, you should contact SDREC at (605) 773-3600 or [email protected].
Be sure to take some time to celebrate your accomplishment. You’ve put in a lot of work and effort and deserve a celebration!
To have your license be changed to “active” status, your sponsoring broker must certify your license application form.
If you don’t yet have a broker to work with check out StateRequirement Jobs for a real estate salesperson opening in your area.
Post licensing education is required of new broker associates to build on the basic real estate principles and practices acquired during the pre-licensing education courses.
New broker associates are required to complete 30 hours of post-licensing education. Post License Period 1 begins once a new broker associate receives their initial license and must be completed between the current license year and the following license year.
Check out StateRequirement’s recommended post-license course provider for access to these courses.
All South Dakota fees: $555
Real Estate Pre-Licensing Education (Estimated): $600-$800
The total estimated cost to get a South Dakota Real Estate license is $900-$1,100.
The two steps that take the most time when getting your license are pre-license education and test preparation. The average amount of time that people take from start to finish is generally 3-6 months.
If you dedicate a full-time schedule to this process and study hard, you could possibly complete this process in 2 months. We wouldn’t recommend trying to go any faster than this. Take your time to study and prepare yourself for the exam.
To sell commercial real estate in South Dakota, a standard Broker license is all that you need. There is no specific “commercial real estate license”.
If you wish to take on a career selling specifically commercial real estate, choose a broker that handles the types of deals that you want to be a part of.
Check out StateRequirement Jobs to find open real estate jobs in your area!
South Dakota Real Estate Commission
221 W. Capitol Avenue, Suite 101
Pierre, SD 57501
Phone: (605) 773-3600
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated in December 2020.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state's authority on insurance.
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