Competition and Real Estate by State

South Dakota

	Allows choice of brokerage services
	Allows brokers to offer rebates to consumers

In response to a U.S. Department of Justice investigation, the South Dakota Real Estate Commission unanimously voted to repeal two previous Declaratory Rulings that prohibited real estate brokers from paying rebates to customers. Because of the South Dakota Real Estate Commission's action, consumers in that state may now benefit from increased price competition in the form of consumer rebates.

Learn more about:

Brokerage services: Discount Brokers Can Make Selling a Home Less Costly

Rebates: Rebates Make Buying a Home Less Expensive

Press Releases

August 17, 2005

South Dakota Real Estate Commission Permits Real Estate Brokers to Offer Rebates and Inducements

Related documents on the Internet:

South Dakota Real Estate Commission, Rebates, Inducements & Discounts—Information for Licensees (2005)