Agency
In South Carolina, 'customer' versus 'client' in agency means:
AThey are the same thing
BA client is represented by the agent with full fiduciary duties; a customer is not represented and receives only honest and fair treatment✓ Correct
CA customer pays more commission than a client
DA client is a buyer; a customer is a seller
Explanation
A 'client' in agency law is a person represented by the agent as a fiduciary (owed OLDCAR duties). A 'customer' is a person not represented by the agent — they receive honest and fair treatment but not full fiduciary protection.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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