ARSD 20:69:04:02. Contents of broker associate prelicensing course

The broker associate prelicensing course shall provide for a minimum of 116 instructional hours in subject areas approved by the commission, including the following subject areas: (1) South Dakota real estate license law and rules; (2) Characteristics and nature of real property; (3) Agency; (4) Listing property; (5) Selling property; (6) Contracts and contingencies; (7) Property management; (8) Finance; (9) Settlement/transfer of ownership/closings; (10) Federal laws, including the Fair Housing ACT, Real Estate Settlement Procedures Act, Sherman Antitrust Act, Americans with Disabilities Act, and Real Estate Settlement Procedures Act, and environmental regulations; and (11) Professional responsibilities and ethics. The course shall include practicum exercises and examinations in each area of study.