South Dakota Residential Purchase and Sale Agreement

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South Dakota Residential Purchase and Sale Agreement

The South Dakota residential purchase and sale agreement is a real estate contract that is used to establish the terms of an arrangement between the seller and the buyer of a residential property. Terms relayed in the form include the purchase price, down payment, closing date, closing costs, and any conditions that must be met before the sale takes place.

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Last updated May 15th, 2025

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The South Dakota residential purchase and sale agreement is a real estate contract that is used to establish the terms of an arrangement between the seller and the buyer of a residential property. Terms relayed in the form include the purchase price, down payment, closing date, closing costs, and any conditions that must be met before the sale takes place.

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Contents

Real Estate Commission Version

South Dakota Real Estate Commission Purchase Agreement – This purchase agreement for residential property is provided by the South Dakota Real Estate Commission for use by professional realtors and individuals.

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Required Disclosures (3)
Lead-Based Paint – If the property was built before 1978, the seller must give the buyer a document that discloses the presence of lead-based paint on the property and a copy of the EPA pamphlet on the associated hazards.

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Property Disclosure Statement (§ 43-4-38) – When selling residential real estate, the seller or their agent must give the buyer a complete inventory of the property’s condition.

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Real Estate Relationships Disclosure (§ 36-21A-147) – Before entering into an agreement with a buyer or seller, real estate brokers are required to disclose in writing the types of agency and brokerage relationships that the broker is offering to them.

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