Agency
In South Carolina, what is 'informed consent' in the context of dual agency?
AThe buyer and seller simply signing the purchase contract
BBoth parties receiving a full explanation of dual agency's limitations and agreeing in writing to the arrangement✓ Correct
COnly the seller must consent to dual agency
DInformed consent is not required in South Carolina
Explanation
Informed consent to dual agency requires both the buyer and seller to receive a clear explanation of what dual agency means — that the agent represents both and cannot advocate for either's specific interests — and both parties must agree in writing before dual agency proceeds.
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