Agency
In South Carolina, which of the following best describes a 'buyer's agent'?
AAn agent who represents the seller but assists the buyer
BAn agent who represents the buyer exclusively✓ Correct
CAn agent who represents both parties equally
DAn agent who represents neither party
Explanation
A buyer's agent in South Carolina represents and owes fiduciary duties exclusively to the buyer. The agent must disclose this relationship to the seller.
Related South Carolina Agency Questions
- In South Carolina, if a seller's agent inadvertently becomes aware of confidential buyer information, they should:
- In South Carolina, a buyer's agent who learns that the seller is in financial distress and must sell quickly should:
- In South Carolina, an agent who discovers the buyer intends to use a property for an illegal purpose should:
- Under South Carolina law, an agent's fiduciary duties to the client continue until:
- In South Carolina, a buyer's agent discovers that the seller is withholding significant information about the property's history. The buyer's agent should:
- In South Carolina, a 'limited service agreement' between a broker and client means:
- In South Carolina, which of the following best describes 'implied agency'?
- In South Carolina, the term 'scope of agency' refers to:
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