Agency
In South Carolina, what is the primary function of the agency disclosure form given to consumers?
ATo confirm the sale price of a property
BTo inform consumers about the different types of agency relationships and who the licensee represents✓ Correct
CTo authorize the agent to list the property on the MLS
DTo document the commission agreement
Explanation
The agency disclosure form explains to buyers and sellers the types of agency (seller's agent, buyer's agent, dual agent, transaction broker) and who the licensee represents in the transaction. It ensures informed decision-making by consumers.
Related South Carolina Agency Questions
- In South Carolina, which of the following best describes a 'buyer's agent'?
- In South Carolina, which of the following best describes 'apparent authority' in agency law?
- A South Carolina listing agent learns that the seller has a serious undisclosed plumbing defect. The agent should:
- In South Carolina, a buyer's agent who also represents another buyer interested in the same property must:
- A South Carolina listing agent who discovers a material defect in a property must:
- A South Carolina agent who fails to present a purchase offer to the seller because they personally believe it is too low has violated which duty?
- In South Carolina, 'ministerial acts' by a real estate agent are:
- What is 'procuring cause' in South Carolina real estate commission disputes?
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 →