SD Real Estate study plan

Define each fiduciary duty (care, obedience, loyalty, disclosure, confidentiality, accounting, lawful instruction) and pair it with one concrete agent conduct that breaches it

Classify every party in a transaction as client, customer, or third party, and state the duties owed to each

Outline the agency relationship types recognized in South Dakota and the written consent or disclosure each requires

Explain how agency is created and terminated, and what survives termination

Recite the compensation rules that apply when the agent's loyalty conflicts with a commission opportunity

List the elements of a valid contract and identify which missing element makes a purported agreement void rather than voidable

Distinguish offer, counteroffer, acceptance, and revocation, and state when acceptance becomes effective

Apply the statute of frauds to listing agreements, purchase contracts, leases, and option contracts

Break down the contingencies, deadlines, and default remedies in a residential purchase contract

Identify the contract-preparation activities a South Dakota licensee may and may not perform

Map the licensing path in South Dakota from pre-licensing education through exam, broker sponsorship, and license issuance

State the continuing education, license renewal, and inactive/expired status rules

Describe trust account handling and recordkeeping duties, including commingling prohibitions and permitted deposits

Outline the complaint, investigation, hearing, and disciplinary process, and the range of penalties the Commission may impose

Apply advertising and solicitation rules to sample marketing pieces, including team names and internet ads

Diagram the freehold estates and the leasehold estates, showing the bundle of rights each conveys

Compare forms of co-ownership and explain how title passes on the death of a co-owner under each

Classify encumbrances as liens or easements, and predict which survives a foreclosure or a transfer

Sequence the steps of a valid deed transfer, from execution through delivery and acceptance

Explain recording, constructive notice, and priority rules, and how a chain of title is examined

Contrast an abstract of title with an attorney's title opinion and with a title insurance policy

Compare conventional, FHA, VA, and USDA loans on down payment, insurance, and eligible property requirements

Compute loan-to-value, monthly principal and interest, and total interest using a financial calculator or amortization table

Apply front-end and back-end qualifying ratios to a borrower profile and state whether the borrower qualifies

Identify the disclosures and timing rules that govern a residential mortgage application through closing

Explain default, acceleration, foreclosure, and statutory redemption procedures in South Dakota

Match each of the three approaches to value to the property type where it is most reliable

Distinguish a comparative market analysis from an appraisal and state the license-law limits on each

Compute gross rent multiplier and capitalization-rate value, and adjust comparable sales for differences

Explain the appraisal standards and reporting requirements a licensed appraiser must follow

Re-drill the finance topics missed in week 5 to a score of 85% or better

List the federally protected classes in housing and apply them to advertising, showing, and screening scenarios

Identify which property-condition and transaction disclosures a South Dakota seller and licensee must make, and when

Apply lead-based paint and other federally mandated disclosure rules to a pre-1978 property

Recognize antitrust violations in commission and brokerage conversations

Evaluate a sample advertisement and a sample transaction file for fair housing and disclosure defects

Rank all eight domains by your cumulative practice scores and re-drill the two weakest to 85% or better

Complete two full-length timed practice exams under exam-day conditions

Review every missed item across the eight weeks and restate the underlying rule in one sentence each

Confirm your exam appointment, identification, and test-day logistics