SD Real Estate case studies
SD Real Estate · Put your knowledge to work in context.
A South Dakota real estate license is issued through the South Dakota Real Estate Commission, one of the occupational and professional licensing boards operating under the direction of the South Dakota Department of Labor & Regulation. Candidates typically work toward a salesperson or broker credential, then renew through the Department's online licensing services. The SD Real Estate case studies are 5 cases and about 4,349 words.
1Same-Firm Buyer and the Seller's Hidden Price Floor
Marta lists her Sioux Falls house at 349,000 with Dana, the listing licensee at a mid-size brokerage that uses one supervising broker for every licensee in the office. In the listing appointment Marta says she will not accept less than 330,000 and must close by December 15 because her employer's relocation buyout expires that day.
744 words, about 4 min2The Counteroffer That Arrived at 4:41 p.m.
On February 3, Buyer A submits a written offer of 375,000 with a 10-day inspection contingency, a 21-day financing contingency, a March 30 closing, and 7,500 earnest money to be held in the listing brokerage's trust account. On February 4 the seller counters at 382,000 with a response deadline of "February 6 at 5:00 p.m.; time is of the essence." On February 6 at 4:40 p.m., Buyer A signs the counter, scans it, and emails it to the listing agent, who is out on showings and does not open the message until 9:00 a.m.
871 words, about 4 min3The Appraisal Came In Twelve Thousand Short
Purchase price 400,000. The buyers are preapproved for a 320,000 conventional 30-year loan at 6.75% (principal and interest approximately 2,076) with 20% down, and they have 85,000 in liquid funds.
856 words, about 4 min4"No Families With Little Kids" and the Assistance Animal
A licensee takes a listing on a 4-bedroom house with an unfenced in-ground pool. At the signing the seller says, "Please don't show it to families with young children - I don't want that on my conscience, and honestly I'd rather sell to a nice quiet older couple." Separately, the licensee is representing a buyer who uses a wheelchair and has a letter from her physician for a service dog.
951 words, about 5 min5Pet Deposits, a Facebook Ad, and a Side Deal
Kelli is a salesperson licensed under a Sioux Falls managing broker. On her own initiative she takes on property management for two rental houses, collecting a 2,500 security deposit in cash from a tenant and depositing it into her personal checking account "so it doesn't get mixed up with the office money." She runs a Facebook ad reading "3BR/2BA near Pettigrew - call Kelli, 605-555-0134" with no brokerage name.
927 words, about 5 min