Real Estate Agent Permit Requirements in Sioux Falls, SD

Complete permit and license guide for starting a real estate agent in Sioux Falls, Minnehaha County, South Dakota.

$300 -- $1000 4–10 weeks 5 requirements

Not legal advice. Requirements may change — always verify with your local government authority before applying. Last verified: .

Sioux Falls / Minnehaha County Requirements

2 requirements
1

South Dakota Real Estate Commission — Salesperson or Broker License

Real estate agents in South Dakota must be licensed by the SD Real Estate Commission. Requires 116 hours of pre-licensing education and passing the state exam.

$75–$150 (salesperson)4–8 weeks
Official government source
2

City of Sioux Falls Finance Department — Business License

Sioux Falls requires a Business License for regulated businesses within city limits. Contact the Finance Department for requirements specific to your business type. This license must be renewed annually and displayed at your place of business.

$50–$500/year depending on business type and gross revenues1–3 weeks
Official government source

South Dakota State Requirements

2 requirements
1

South Dakota Department of Revenue — Sales Tax License

Required for all businesses selling taxable goods or services in South Dakota. South Dakota charges a 4.5% state sales tax; local jurisdictions may add up to 2%. Register with the SD Department of Revenue online.

FreeImmediate (online)
Official government source
2

Errors and Omissions (E&O) Insurance

Real estate agents and brokers are strongly advised to carry Errors and Omissions insurance. Many brokerages require agents to maintain E&O coverage as a condition of affiliation.

$500–$2,000/yearImmediate to 1 week
Official government source

Federal Requirements

1 requirement
1

EIN (Employer Identification Number)

Required if you have employees or operate as an LLC or corporation. Free from the IRS.

FreeImmediate (online application)
Official government source

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