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revise certain provisions regarding disclosures for newly constructed properties.

This bill changes the disclosure rules for newly constructed homes that have never been occupied. Builders and sellers of new homes are now required to disclose any specific property defects or problems they know about or suspect, even though new construction is otherwise exempt from full disclosure requirements. This gives home buyers some protection while still treating brand-new properties differently than resale homes.

revise certain provisions regarding disclosures for newly constructed properties.

South Dakota property sellers are generally required to disclose known defects when selling homes, but this bill carves out an exception for newly constructed houses that have never been occupied—sellers of these new homes no longer need to provide a full disclosure statement. However, sellers must still disclose any specific defects they know about or have reason to suspect in the new property.