Agency
A South Carolina listing agent learns that the seller has a serious undisclosed plumbing defect. The agent should:
AKeep it confidential to protect the seller's fiduciary interest
BDisclose the material defect to prospective buyers✓ Correct
COnly disclose if the buyer specifically asks about plumbing
DDisclose only if the defect would cost more than $5,000 to repair
Explanation
In South Carolina, an agent has a duty to disclose material facts affecting value or desirability that the agent knows about, even if the seller hasn't authorized disclosure. A serious plumbing defect is a material fact that must be disclosed.
Related South Carolina Agency Questions
- In South Carolina, can a buyer's agent also represent the seller in the same transaction as a dual agent without disclosing this to the buyer?
- Which duty requires a South Carolina agent to use their professional skills to benefit the client?
- In South Carolina, when must a licensee provide the 'Disclosure of Real Estate Brokerage Relationships' form to a consumer?
- In South Carolina, which of the following best describes a 'buyer's agent'?
- In South Carolina, 'ministerial acts' by a real estate agent are:
- Which fiduciary duty requires an agent to act in the client's best financial interest in South Carolina?
- A South Carolina listing agent who discovers a material defect in a property must:
- In South Carolina, a 'net listing' creates a potential conflict of interest because:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →