Which license is required for property management in South Dakota?

In South Dakota, engaging in property management activities legally requires either a real estate broker's license or a property management license. This requirement ensures that individuals managing properties are knowledgeable about state laws, practices, and ethical standards that govern real estate transactions and tenant relations.

A real estate broker’s license provides a broad range of authority, including the ability to buy, sell, lease, and manage properties, while a dedicated property management license focuses specifically on managing rental properties and the tasks associated with that role. Having the appropriate licensure helps protect both the property managers and the clients they serve, ensuring that professional standards are upheld in the rental market.

The other choices do not meet the specific licensing requirements set forth by South Dakota law for property management activities. A general business license does not cover the specialized knowledge and regulations needed in real estate management. A residential leasing license is not a recognized standalone license for property management in the state. A rental platform certification, while potentially useful for operating on specific platforms, does not equate to the legal requirements necessary to manage properties in South Dakota.