S.D. Codified Laws § 36-21A-138

Current through the 2024 Legislative Session
Section 36-21A-138 - Buyer's agent has no fiduciary duty to customer

No licensee acting as a buyer's or tenant's agent owes any fiduciary duty or obligation to a customer. A licensee shall provide disclosure of all adverse material facts known by the licensee to any customer.

No buyer's or tenant's agent owes any duty to conduct an independent investigation of the client's financial condition.

SDCL 36-21A-138

SL 1998, ch 229, §15.