South Dakota Revoked Broker License for Felony Omission

The South Dakota Real Estate Commission penalized a Sioux Falls resident for failing to disclose a criminal conviction.

Updated on Sept. 23, 2026 in Residential

South Dakota Revoked Broker License for Felony Omission

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The South Dakota Real Estate Commission has revoked the broker associate license of Boulos Peter Almas for five years. The board issued the penalty after finding that Almas provided false information on his 2023 license application regarding a prior felony conviction.

Why it matters

The decision underscores the strict transparency requirements for professional licensing in South Dakota. By mandating full disclosure of criminal histories, the commission aims to maintain industry standards and public trust in real estate transactions.

The commission imposed a $2,500 fine and a five-year revocation of the broker associate license held by Almas. This ruling follows a prior revocation of his insurance producer license by the state Division of Insurance on March 19, 2026.

The players

Boulos Peter Almas

He is a Sioux Falls resident who held a broker associate license and an insurance producer license before their revocation.

South Dakota Real Estate Commission

This is the state regulatory body responsible for overseeing the conduct and licensing of real estate professionals in South Dakota.

South Dakota Division of Insurance

This state agency regulates insurance operations and previously revoked the insurance producer license of Almas.

The details

Almas, a Sioux Falls resident, failed to disclose a 2019 guilty plea for second-degree burglary during his 2023 real estate application process. Following an eight-minute executive session, the commission voted unanimously to issue the penalties, though the subject did not attend the hearing in Pierre.

The burglary crime occurred on April 5, 2018.
Almas entered a guilty plea in 2019.
The real estate license application was submitted in 2023.
The Division of Insurance revoked the insurance license on March 19, 2026.
The commission held the hearing and revoked the license on September 23, 2026.

Culture Shift

This enforcement action aligns with a growing trend of stricter professional conduct oversight by state agencies in South Dakota. These measures aim to reinforce ethical standards across licensed industries by punishing non-disclosure in application materials.

The revocation prevents Almas from legally acting as a broker associate in the state for the five-year term. Residents or clients who engaged in transactions with the individual may need to contact the commission to verify the status of their property documents.

The takeaway

Professionals are legally required to disclose criminal histories during the licensing process to avoid severe administrative penalties. Ensuring that application documents are accurate remains the most critical step for maintaining an active license in the state.