How to Renew a Real Estate License in South Dakota

Renewing your real estate license in South Dakota is essential to maintain your professional standing and continue practicing legally. 

This guide outlines the renewal process, including license validity, necessary steps, continuing education requirements for salespersons and brokers, renewal fees, and answers to common questions.

How Long is a Real Estate License Good for in South Dakota?

In South Dakota, real estate licenses are valid for two years, expiring on November 30 of the renewal year. It's crucial to renew your license before this date to avoid penalties or lapses in licensing. 

Steps to Renew Your Real Estate License

To ensure smooth renewal, follow these steps:

1. Complete Continuing Education Requirements
2. Verify Completion of CE Courses
3. Provide Proof of Errors and Omissions Insurance
4. Submit Renewal Application and Fees

Step 1: Complete Continuing Education Requirements

Both broker associates and responsible brokers must fulfill CE requirements every two years. Their courses cover similar topics, as outlined below:

Broker Associates and Responsible Brokers:
Complete 24 hours of CE, including at least 12 hours in mandatory subjects:

• Fair Housing (6 Credit Hours)
• Environmental Issues in Your Real Estate Practice (6 Credit Hours)
• Twenty Cost-Effective Home Improvements (4 Credit Hours)
• Real Estate Bloopers: Preventing Client Horror Stories (4 Credit Hours)
• Solving the Downpayment Dilemma Online Video Course (4 Credit Hours)

Consider enrolling in US Realty Training’s partnered CE programs to efficiently meet South Dakota's requirements.

Step 2: Verify Completion of CE Courses

It’s important to verify that your continuing education (CE) provider is approved by the South Dakota Real Estate Commission to ensure that your courses meet the state’s requirements. 

Be sure to keep a record of your certificates of completion as proof, as these may be required during the renewal process or if you are audited. 

Proper documentation helps ensure that you remain compliant and ready for any necessary verification of your completed coursework.

Step 3: Provide Proof of Errors and Omissions Insurance

Active licensees are required to maintain Errors and Omissions (E&O) insurance to protect themselves and their clients from potential legal and financial risks. 

As part of the renewal process, be sure to include proof of your E&O insurance coverage. Keeping your coverage up to date is an important step in safeguarding both your business and professional reputation.

Step 4: Submit Renewal Application and Fees

Complete the online renewal application via the South Dakota Real Estate Commission portal.

• Renewal Fee: $125
• Late Fee: $20/month (up to $140)

Submit by November 30 to avoid late fees.

FAQs about Renewing Your Real Estate License in South Dakota

Addressing common questions can clarify the renewal process:

Can You Renew a Real Estate License After it Expires?

Yes, you can renew an expired license from December 1 through June 30 by paying the renewal fee plus applicable late fees. 

After June 30, the license becomes invalid, and you'll need to restart the licensing process, including pre-licensing education and examinations. 

How Much Does a Real Estate License Renewal Cost in South Dakota?

The renewal fee for both salespersons and brokers is $125 every two years. 

Late renewals incur a $20 monthly penalty, up to a maximum of $140. Therefore, the total cost can range from $125 to $265, depending on timeliness. 

What Can I Expect From an Online Continuing Education Course?

Online CE courses provide the flexibility to learn at your own pace, covering essential topics such as Real Estate Contracts, License Law, and Ethics, along with electives that focus on current industry trends. 

US Realty Training’s partnered programs deliver comprehensive content to meet South Dakota's CE requirements effectively.

How Long is a Continuing Education Course?

The duration varies by course, but South Dakota limits continuing education to a maximum of 8 hours per day. This regulation ensures effective learning without overload. Most courses can be completed within a few days..

Final Thoughts on Renewing a Real Estate License in South Dakota

Timely renewal of your South Dakota real estate license is vital to continue your practice without interruptions. By completing the required continuing education, maintaining E&O insurance, and submitting your renewal application and fees promptly, you ensure compliance with state regulations. 

US Realty Training’s partnered continuing education programs can assist you in meeting these requirements efficiently.

Stay proactive in managing your licensure to uphold your professional status and serve your clients effectively.