Agency
In South Carolina, if a seller's agent inadvertently becomes aware of confidential buyer information, they should:
AShare it with their seller client immediately
BKeep it confidential and not use it to advantage one party✓ Correct
CReport it to SCREC
DWithdraw from the transaction
Explanation
A seller's agent who inadvertently receives confidential buyer information should not disclose it to the seller or use it to the detriment of the buyer. This situation may create a conflict requiring disclosure.
Related South Carolina Agency Questions
- In South Carolina, a 'selling agent' or 'buyer's agent' in a cooperative sale is typically compensated by:
- In South Carolina, which of the following is TRUE about a 'net listing'?
- A buyer's agent in South Carolina discovers that the property their buyer client wants to purchase has unresolved boundary issues with a neighbor. The agent's duty is to:
- In South Carolina, the term 'scope of agency' refers to:
- In South Carolina, 'implied agency' is created by:
- In South Carolina, an agent's authority to act on behalf of a principal is called:
- In South Carolina, what is 'informed consent' in the context of dual agency?
- In South Carolina, an agent's duty to account means:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →