Agency
In South Carolina, a seller's agent who receives an offer from an unrepresented buyer owes what duty to the buyer?
AFull fiduciary duties including loyalty
BHonesty and disclosure of material defects only✓ Correct
CNo duties whatsoever
DThe same duties as owed to the seller
Explanation
A seller's agent owes honesty, fair dealing, and disclosure of material facts to unrepresented buyers but does not owe fiduciary duties. The seller remains the client.
Related South Carolina Agency Questions
- South Carolina law requires written agency disclosure to be provided to a prospective buyer or seller:
- A South Carolina listing agent who discovers a material defect in a property must:
- A South Carolina agent who fails to present a purchase offer to the seller because they personally believe it is too low has violated which duty?
- In South Carolina, an agent's authority to act on behalf of a principal is called:
- In South Carolina, designated agency means the broker-in-charge:
- Under South Carolina law, dual agency occurs when:
- In South Carolina, a 'designated agency' arrangement means:
- Which of the following actions by a South Carolina buyer's agent would be a breach of fiduciary duty?
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