Agency
In South Carolina, a 'designated agency' arrangement means:
AThe broker designates different licensees within the same firm to represent the buyer and seller separately✓ Correct
BThe broker personally represents both buyer and seller
CA licensed team leader represents all clients in the office
DThe state designates an agent for unrepresented buyers
Explanation
Designated agency allows a brokerage to avoid full dual agency by designating one licensee to represent the buyer and a different licensee to represent the seller, even within the same firm. Each designated agent can then advocate solely for their client.
Related South Carolina Agency Questions
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- What is a 'designated agency' arrangement in South Carolina?
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- When does a seller's agency relationship with a listing broker typically terminate in South Carolina?
- In South Carolina, if a seller's agent inadvertently becomes aware of confidential buyer information, they should:
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- In South Carolina, what is 'puffing' in real estate?
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