Agency
In South Carolina, which of the following best describes the 'principal' in a real estate agency relationship?
AThe broker supervising the agents
BThe client who has employed the agent (buyer or seller)✓ Correct
CThe primary lender
DThe closing attorney
Explanation
The 'principal' in an agency relationship is the client (buyer or seller) who has engaged the agent to act on their behalf. The agent has fiduciary duties to the principal.
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