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Real Estate Relationships Disclosure - South Dakota
Real Estate Relationships Disclosure is a legal document that was released by the South Dakota Department of Labor & Regulation - a government authority operating within South Dakota.
FAQ
Q: What is the Real Estate Relationships Disclosure?A: The Real Estate Relationships Disclosure is a document that provides information about the relationship between a real estate agent and a buyer or seller in South Dakota.
Q: Why is the Real Estate Relationships Disclosure important?A: The disclosure ensures that buyers and sellers are aware of the type of agency relationship they have with their real estate agent, including whether the agent is representing them as a client or customer.
Q: What types of agency relationships are disclosed in the document?A: The document discloses three types of agency relationships: seller's agent, buyer's agent, and dual agent.
Q: What is a seller's agent?A: A seller's agent represents the interests of the seller in a real estate transaction and has a fiduciary duty to the seller.
Q: What is a buyer's agent?A: A buyer's agent represents the interests of the buyer in a real estate transaction and has a fiduciary duty to the buyer.
Q: What is a dual agent?A: A dual agent represents both the seller and the buyer in a real estate transaction and has a limited fiduciary duty to both parties.
Q: What should buyers and sellers do if they have questions about the Real Estate Relationships Disclosure?A: Buyers and sellers should consult with their real estate agent or an attorney if they have any questions or concerns about the disclosure.
Form Details:
- Released on January 1, 2021;
- The latest edition currently provided by the South Dakota Department of Labor & Regulation;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the South Dakota Department of Labor & Regulation.
