Controlling spin states of surface reaction intermediates is an important but often overlooked parameter to designing semiconductor photocatalysts to mimic nature’s best photosynthetic complexes. Extreme Ultraviolet Reflection-Absorption (XUV-RA) spectroscopy enables direct observation of surface electron dynamics by combining element, oxidation, and spin state resolution, with surface sensitivity and ultrafast time resolution. While absorption of linearly polarized XUV light can probe the local oxidation and spin states of individual elements, it is insensitive to absolute spin alignment. To enable the study of spin-selective electron dynamics at interfaces, we have recently implemented ultrafast XUV Magnetic Circular Dichroism (XUV-MCD). Employing XUV-MCD in a reflection geometry, we are now studying the ultrafast surface electron dynamics that give rise to spin polarized photocurrents in magnetic and chiral semiconductors. As an example, yttrium iron garnet (Y3Fe5O12, YIG) is a ferrimagnetic oxide with a visible band gap, consisting of two sub-lattices based on octahedrally and tetrahedrally coordinated Fe(III) centers. Ultrafast XUV measurements show that electron-phonon coupling and polaron formation rates differ significantly between octahedral and tetrahedral centers leading to very different charge carrier recombination kinetics. Circular measurements show that this difference in recombination rate gives rise to long-lived, spin-polarized charge accumulation at the YIG surface that drives spin selective water oxidation. This new ability to observe real-time spin polarization at surfaces promises to provide key design parameters for semiconductor photocatalysts capable of spin selective surface chemistry.