Flat Fee MLS - South Dakota

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

Antitrust Division documents:

Press release:

• South Dakota Real Estate Commission Permits Real Estate Brokers to Offer Rebates and Inducements (08/17/2005)

Related documents on the Internet:

• South Dakota Real Estate Commission, Rebates, Inducements & Discounts—Information for Licensees (2005)
• South Dakota Code §36-21A-132, §36-21A-136 requiring real estate brokers to present all written offers to and from the client in a timely manner, regardless of whether the property is subject to a contract for sale or lease or a letter of intent to lease, even if consumers do not wish to buy these services