Agency
In South Carolina, an agent who discovers the buyer intends to use a property for an illegal purpose should:
AProceed as normal, as the agent's role is limited to facilitating transactions
BWithdraw from the transaction and potentially report the intended illegal use✓ Correct
CKeep this information confidential under the duty of loyalty
DAdvise the seller to accept the offer anyway
Explanation
An agent who knows a buyer intends to use property for illegal purposes should withdraw from the transaction and may have a legal obligation to report it. Agency duties do not extend to facilitating illegal activity.
Related South Carolina Agency Questions
- In South Carolina, which of the following is TRUE about a buyer's agency agreement?
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- 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?
- In South Carolina, which type of listing agreement gives only one broker the exclusive right to sell AND earn a commission regardless of who finds the buyer?
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