Agency
In South Carolina, designated agency means the broker-in-charge:
APersonally represents both buyer and seller in the same transaction
BDesignates one affiliated licensee to represent the buyer and another to represent the seller✓ Correct
CRefers one party to another brokerage
DActs as a neutral mediator without agency duties to either party
Explanation
Designated agency in South Carolina allows the broker-in-charge to appoint different licensees within the same firm to represent the buyer and seller separately. Each designated agent owes full agency duties to their respective client.
Related South Carolina Agency Questions
- Which of the following statements about 'transaction broker' status in South Carolina is correct?
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- Which duty requires a South Carolina agent to use their professional skills to benefit the client?
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