Agency
In South Carolina, an agent who self-deals by purchasing the client's property without full disclosure is guilty of:
AAcceptable practice if the agent pays fair market value
BA breach of the fiduciary duty of loyalty✓ Correct
CA minor violation requiring only a warning
DA violation only if the property is listed at below-market value
Explanation
Self-dealing — purchasing a client's property without full disclosure of the agent's licensed status and obtaining consent — breaches the duty of loyalty. SC law requires full disclosure when a licensee buys or sells property for their own account.
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