Agency
In South Carolina, a real estate agent who promises a seller they will achieve a specific price as a condition of being awarded the listing is:
ADemonstrating strong negotiating skills
BEngaging in 'buying the listing' — overstating expected value to win the listing, which may constitute misrepresentation✓ Correct
CProviding a legally binding price guarantee
DFollowing SCREC's required practice for listing presentations
Explanation
'Buying the listing' by promising an unrealistically high price to win a listing agreement is a common ethical violation. It sets false expectations, often leading to overpriced properties that sit unsold, then necessitate price reductions.
Related South Carolina Agency Questions
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- In South Carolina, a 'protection clause' (safety clause) in a listing agreement protects the broker by:
- In South Carolina, a licensee who represents both parties in the same transaction without disclosure is guilty of:
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