South Dakota

New real estate rules impact South Dakota homebuyers

Published

2 years ago

August 20, 2024

New real estate rules impact South Dakota homebuyers

RAPID CITY, S.D. (KOTA) – A 2023 legal decision is changing how realtors nationwide do business, causing lots of confusion for potential home buyers.

The National Association of Realtors has made some new rules affecting how real estate agents get compensated.

Under the new rules, when a home is sold, the seller doesn’t automatically pay both the listing agent and the buyer’s agent. Instead, the seller can choose how much to pay the buyer’s agents or whether to pay them at all.

Stacey Nelson, a South Dakota Realtor, says this price has always been negotiable.

“One of the confusions about real estate is that the set fee is set, and that’s not true. In South Dakota, our fees have always been negotiable; we establish those professional fees with the buyer’s agents and the listing agent at the time of listing with the client,” Nelson said.

These national changes, which went into effect Saturday, August 17, are meant to make the process clearer for the buyer, the agent and the seller.

But the only significant change in South Dakota is that now, buyers must sign an agreement before they can even begin touring homes with their agent.

“Now when we work with consumers, not actually clients but just somebody coming to look at a house, they will be required to sign a buyers-agency agreement,” Nelson said.

The buyers-agency agreement will detail exactly how much a buyer will be expected to pay their agent.

“For the last 20-some years, we have had explicit buyer-agency agreements with our buyers, and in our listing agreements we’ve disclosed what the buyer’s professional fee is and what the seller’s agent professional fee is,” Nelson explained.

Nelson says the changes won’t impact South Dakota, since realtors in the Mount Rushmore state already did most of the new rules.

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South Dakota

Governor Rhoden signs school lunch bill into law

Published

56 minutes ago

March 27, 2026

Press Room

Governor Rhoden signs school lunch bill into law

SIOUX FALLS, S.D. (Dakota News Now) – Governor Rhoden officially signed HB 1082 into law on Friday, March 27.

HB 1082 is a bill that establishes parameters for reimbursing school districts that provide free or reduced-price meals to students.

Representative Kadyn Wittman, who has worked to pass the bill for several years, expressed excitement and gratitude in a post to Facebook on Friday.

“10,000 kids across our state will now have access to free school meals. No stigma. No barriers. Just the support they need to learn and grow,” wrote Wittman.

“So incredibly grateful to everyone who made this happen. This is a big win for South Dakota families!”

You can see the full bill and its sponsors here.

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South Dakota

Retired Air Force four-star general Maryanne Miller speaks at South Dakota Mines

Published

13 hours ago

March 27, 2026

Press Room

Retired Air Force four-star general Maryanne Miller speaks at South Dakota Mines

RAPID CITY, S.D. (KOTA) – Students at South Dakota Mines heard Wednesday from retired four-star general Maryanne Miller about her journey to the highest ranks of the U.S. military.

Miller is a retired four-star U.S. Air Force general. She is the only member of the Air Force Reserve ever to be promoted to this level.

She spoke about finding greatness and living a life of fulfillment. Her stories came from her time in the Air Force and as a volunteer for Saint Teresa of Calcutta’s Missionaries of Charity.

“We so much get focused on what is our next step in life, what’s the next career move, how do we make ourselves better in our career, and we forget about how do we make ourselves better as a human being,” Miller said. “Because they have to go tandem. If it’s not tandem, you’re going to get off track.”

Miller was commissioned in 1981 and rose through the ranks before becoming a four-star general in 2018. She was the only woman serving as a four-star officer in the military at the time. She retired in 2020 after serving for almost 40 years.

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South Dakota

USDA to offer distaster assistance to South Dakota agriculture producers impacted by winter storms

Published

1 day ago

March 26, 2026

Press Room

USDA to offer distaster assistance to South Dakota agriculture producers impacted by winter storms

SIOUX FALLS, S.D. (Dakota News Now) – The U.S. Department of Agriculture is offering financial and technical assistance to South Dakota farmers and livestock producers who may have been impacted by the recent winter storms.

“I encourage impacted producers to contact their local USDA Service Center to report losses and learn more about program options available to assist in their recovery from crop, land, infrastructure, and livestock losses and damages.” said Richard Fordyce, Production and Conservation Under Secretary.

FSA’s Emergency Conservation Program and Emergency Forest Restoration Program can assist landowners with financial assistance to restore damaged land and conservation structures or forests.

“Our staff will work one-on-one with landowners to make assessments of the damages and develop methods that focus on effective recovery of the land.” said Jessica Michalski, Acting NRCS State Conservationist in South Dakota.

For more information about the disaster assistance program, click here.

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