We study theoretically and experimentally the frequency and temperature dependences of resistivity noise in semiconductor heterostructures δ-doped by Mn. The resistivity noise is observed to be nonmonotonous as a function of frequency. As a function of temperature, the noise increases by two orders of magnitude for a resistivity increase of about 50%. We study two possible sources of resistivity noise, dynamic spin fluctuations and charge fluctuations, and find that dynamic spin fluctuations are more relevant for the observed noise data. The frequency and temperature dependences of resistivity noise provide important information on the nature of the magnetic interactions. In particular, we show how noise measurements can help resolve a long-standing debate on whether the Mn-doped GaAs is a p-d Zener/Ruderman-Kittel-Kasuya-Yosida (RKKY) or double-exchange ferromagnet. Our analysis includes the effect of different kinds of disorder such as spin-glass type of interactions and a site-dilution type of disorder. We find that the resistivity noise in these structures is well described by a disordered RKKY ferromagnet model dynamics with a conserved order parameter. © 2012 American Physical Society.