South Dakota Commercial Real Estate Purchase and Sale Agreement

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Updated June 14, 2022

A South Dakota commercial real estate purchase and sale agreement is designed for a real estate transaction between a commercial property owner and potential buyers. When a property is listed for sale, buyers can draft an agreement to indicate the price they’re willing to pay along with other contingencies related to their offer. The conditions set forth in the agreement are irrevocable and valid for a limited duration only. If the seller accepts the terms before the offer expires, the parties will be legally bound to any and all requirements established in the agreement.


Real Estate Relationships Disclosure (§ 20:69:16:01) – This disclosure must be given to unrepresented buyers and sellers to inform them of the agent’s professional relationship status during the transaction.

Realtor Version

South Dakota Real Estate CommissionAdobe PDF

Residential Property

South Dakota Residential Purchase Agreement – A contract between a seller and a buyer that outlines their rights and obligations in a residential real estate transaction.

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