Fall 2024 Newsletter: New Commissioners, License Renewal Deadlines, Disciplinary Actions

Fall Edition October 2024

From The Director

Fall is my favorite time of the year and so is football season! Go Vikings!

We have four new commissioners -- Jason Tysdal from Spearfish, Shad Ludemann from Pierre, Josh Reisetter from Brookings, and Bobbie Tibbetts from Sioux Falls. I'm looking forward to working with all of them. The Commission is under the leadership of Carol Lawhun as chair and Jason Tysdal is serving as vice-chair. Licensees who need to renew this year should have received an email reminding you to go online and renew your license. The renewal and fee must be received no later than November 30, 2024. Renewals received after that date will have to pay a late fee. If you do not renew your license by December 31, 2024, your license will be placed on a non-renewal status. If your renewal is submitted, and you have not completed your continuing education and/or do not have errors and omissions insurance covering you on January 1, 2025, your license will be placed on inactive status. All licensees who carry group errors and omissions insurance from Rice Insurance Services Company will be receiving notices to renew. All licensees who carry optional insurance need to make sure we have proof of your errors and omissions insurance. Autumn is always such a beautiful time of the year. Enjoy!!

Side Note: The Commission has made the decision to only do the newsletter twice a year--instead of four times. The newsletter is always available on our website.

| P a g e

Monday, Oct. 14 - Office closed in observance of Native American Day Thursday Nov. 7 - Commission Meeting Monday, Nov. 11 - Office closed in observance of Veterans Day Thursday, Nov. 28 - Office closed in observance of Thanksgiving Wednesday, Dec. 25 - Office closed in observance of Christmas Proposed 2025 Meeting Dates: January 7 or 8 March 12 or 13 May 14 or 15 July 16 or 17 September 17 or 18 November 12 or 13

 2023 online renewals are now open as of October 1st!

 Firms that are up for renewal have been sent a letter in the mail containing the firm's specific username and password.  Needed to renew an active license:  Continuing Education  Errors and Ommissions insurance (except Home Inspectors)  The online renewal is separate than your association membership dues.

 You must renew your license(s) to avoid losing them, even if they are

inactive.

2 | P a g e

Di s ci pli nar y Ac ti ons

Failure to deliver a copy of any process or pleading to which that licensee is a party to the executive director of the commission within ten days of its being served by or upon them (SDCL 36-21A-55): Tammy Ackerman Rapid City $500 administrative fee

Don Welker Sioux Falls $1,000 administrative fee

Unprofessional Conduct--Failing to deal fairly with all parties to a transac- tion (SDCL 36-21A-71 (1 & 31) - $3,000 administrative fee:

Don Welker Sioux Falls

3 | P a g e

Broker Reg. Home Inspector Ayoub, Michael Shelby Township, MI Marquardt, Charles Huron

Bloom-McNeese, Mariah Aberdeen Nath, Austin Warner Bolos, David Far West, UT Sandoval, Shannon Mitchell Chambers, David Atlanta, GA Spotanske, John Ashton Dawson, Stephen Los Angeles, CA Zimmer, Chad Sioux Falls Feland, Clinton Bismarck, ND Gion, Michael Tarzana, CA Hart, Jacob Decorah, IA Haws, Haley Rocklin, CA Hazelton, Matthew Falcon Heights, MN Lic. Home Inspector Heiden, Adriane Canby, MN McKernan, Deborah Edina, MN McLaren, Marshall Sioux Falls Mendelson, Felix Los Gatos, CA Moore, Maranda Weatherford, TX Norton, Gerald Lakeville, MN Rasmus, Jade Atlanta, GA Reynolds, Brian McCook, NE Schuver, Christopher St. Augusta, MN Stone, Marlon Highland Park, IL

Salesperson

Binstock, Amy South Heart, ND Brummond, Jacquelyn Sioux City, IA Cleveland, Carrie Canby, MN Eaton, Chance Sioux City, IA Frye, Jerry Akron, IA Hopp, Nicholas Decorah, IA Jeffery, Mariah Cheyenne, WY Jelinek, Scott Lincoln, NE Kack, Marisa Canby, MN Matthews, Clark West Des Moines, IA Mills, Jesse Jefferson Mogler, Jessica Larchwood, IA Stoeffler, Stephen Portage, MI Zahren, Haley Sioux City, IA Zerr, Nickolas Gove, KS

4 | P a g e

Broker Associate Adamski, Matthew Sioux Falls Lowry, Heather Sioux Falls

Allen, Wesley Belle Fourche Luckett, Carolyn Sioux Falls Anderson, Clay Sioux Falls Maeyaert, Connie Gary Anderson, Jessica Yankton Maine, Marcie Plankinton Atwood, Laken Beresford Marek, Destiny Mitchell Bailous, Noah Brandon Merrow, Haley Sioux Falls Baker, Payton Sioux Falls Meyer, Tyce Agar Barrow, Gordon Harrisburg Moore, Ray Rapid City Barry, Steve Sturgis Morgan, Christian Rapid City Beehler, Joseph Black Hawk Moulthrop, Andrew Black Hawk Blackwell, Misty Box Elder Munos Tabares, Ivan Sioux Falls Bybee, Joshua Rapid City Murray, Cutter Ft. Pierre Castillo, Constantino Aberdeen Nelson, Amanda Sioux Falls Christian, Cole Sioux Falls Nelson, Joshua Sioux Falls Christians, Mathias Spearfish Neumann, Eric Rapid City Citrowske, Kathy Spearfish Nikolas, Shantel Aberdeen Cooper, Earon Box Elder Norberg, Cody Custer Costello, Lea Rapid City Norder, Joshua Spearfish DeGroot, Colin Sioux Falls Odegard, Dustin Sioux Falls Dobbs, Sam Sioux Falls Olson, Anna Rapid City Edwards, Jordan Sioux Falls Olson, William Sioux Falls Farrell, Deborah Sioux Falls Ondricek, Kristen Sioux Falls Fawcett, Samuel Sioux Falls Osborne, Trent Ipswitch Fischer, Andrew Brookings Paul, Katti Ethan Gietzen, Carol Huron Paulsen, Jacqueline Rapid City Glasford, Stephen Sioux Falls Phelps, Amber Rapid City Godbey, Alisha Rapid City Ranum, Jacob Boulder, CO Hartman, Jesse Brandon Redmond, Joey North Sioux City Helget, Megan Sioux Falls Richards, Ellie Sioux Falls Holzbauer, Kyler Parkston Richards, Rylan St. Onge Houska, Melissa Rapid City Saari, Roy Rapid City Hulscher, Madison Sioux Falls Sabouni, Mani Brookings Jensen, Kamra Harrisburg Schilling, Shonda Akaska Jones, Namon Sioux City, IA Schlueter, Craig Aurora Jones, Tyler Sioux Falls Schoenhard, Aiden Mobridge Kacmarynski, Briana Sioux Falls Schryvers, Jamie Bridgewater Koch, Megan Sioux Falls Schuver, Daniel Sioux Falls Kranz, Jacob Sioux Falls Scott, Eric Castlewood Kurtenbach, Ashley Spearfish Selness Starzl, Amanda Brandon Kusel, Richard Lemoyne, NE Sigler, Rachel New Underwood LaFrentz, Carley Yankton Smith, Michael Brookings Lambert, Brandi Frankfort Smith, Michelle Harrisburg Larson, Bradley Sioux Falls Stokely, Kreighton Elk Point Liebel, Spencer Sioux Falls Tran, Mai North Sioux City Ligtenberg, Blaise Rapid City Treloar, Amanda Tea

5 | P a g e

Broker Associate (cont.) Residential Rental Agent Veley, Collin Box Elder Anderson, Samuel Vermillion Wachholtz, Chance Sioux Falls Arnett, Emilee Sioux Falls Barbee, Skylar Sioux Falls Westendorf, Ryan Sioux Falls Christie, Brooklyn Sioux Falls Wilson, Mary Lemmon Elsinger, Baylee Watertown Zell, Alexander Huron Goldhorn, Jessica Rapid City Zhang, Samuel Sioux Falls Harrison, Casey Sioux Falls Hendrix, Sarah Harrisburg Jones, Darrion Sioux Falls Kelly, Idalis Brandon Kirby, Caitlyn Sioux Falls Knutson, Kayla Sioux Falls Krantz, Alexis Dell Rapids LeSage, Katlin Sioux Falls Property Manager Lloyd, Carla Sioux Falls Bourdette, Pamela Rapid City Meester, Ashton Sioux Falls Brownell, Kelly Rapid City Mustafa, Abdulmonim Sioux Falls Cosper, Trilby Rapid City Olson, Jill Sioux Falls Dillon, Paige Rapid City Paulson, Andrea Rapid City Eaton, Nicole Pierre Perez-Jimenez, Gisselle Sioux Falls Fielder, Joseph Rapid City Purcella, Rhiannon Sioux Falls Fitts, Ginnifer Rapid City Red Feather, Helen Box Elder Gerlick, Nathan Rapid City Rose, Luisa Sioux Falls Hopfer, Cory Rapid City Saugstad, Morgan Harrisburg Michels, Gina Canton Schaefer, McKenzie Sioux Falls Miller, Gretchen Sioux Falls Scharffenberg, Mason Sioux Falls Muth, Joe Rapid City Smidt, Hunter Sioux Falls Plooster, Jana Rapid City Smith, Madison Sioux Falls Purvis, Suzanne Belle Fourche Stillson, Daniel Rock Rapids, IA Ruiter, Steve Sioux Falls Trimble, Josiah Mitchell Smith, Abigail Rapid City Van Holland, Ashtyn Harrisburg Sweeney, Seth Harrisburg VanMeter, Tyler Vermillion Waldner, Victoria Brookings Vant Hul, Michael Sioux Falls Walker, Coire Sioux Falls Warmbein, Morgan Sioux Falls

6 | P a g e

HUD Issues Update on Housing Market Indicators

(used with permission by ARELLO) The U.S. Department of Housing and Urban Development has issued an update on national housing market indicators, concluding that overall activity in the housing market has improved. It identified the following top indicator trends:

• Purchases of new homes rose, with new single-family home sales

increasing 10.6 percent from July 2024, but they remain volatile.

• Existing home sales rose after declining the prior four months, citing data from the National Association of Realtors, sales increased 1.3 percent

from June, but remained down 2.5 percent year over year.

• Construction of new homes declined 14.1 percent from June and is 14.8

percent lower year over year. The construction of multi-family properties remains volatile.

• Annual house price gains slowed in June, to 5.1 to 6.5 percent. Housing

prices peaked in June 2022, with modest declines attributed to increased interest rates.

• Housing inventory fell for new homes but increased .8 percent from June

for existing homes.

• Housing affordability fell, but affordability of leasing remained unchanged.
  Citing data from the National Association of Realtors, the ability to purchase a home was down 8/8 percent from the first quarter of 2024, and down 4.5 percent year over year. The decline is attributed to both the increase in prices for single-family homes and the increase in mortgage interest rates. HUD's Rental Affordability Index for residential leasing remained the same from last quarter.

• Mortgage loan forbearances increased for the second consecutive month,

to .27 percent from .23 percent in June, but the rate is down from .39 percent year over year.

• Housing insecurity appears to be improving for renters. Citing the Census
  Housing Pulse Survey, approximately 5.6 million renters were behind on their rental payments in July, a reduction from 5.8 million renters a year ago. Approximately 4.56 million homeowners were behind on their mortgage payments, up from 4.12 million homeowners year over year.

• Rates on 30-year fixed mortgage loans declined to 6.3 percent for the

week ending August 29, 2024. Rates peaked in May 2024, at 7.22 percent.

7 | P a g e