South Carolina License Law
In South Carolina, which of the following statements about real estate commissions is TRUE?
AAll SC brokers must charge the same commission rate
BCommission rates are set by SCREC for residential transactions
CCommission rates are negotiable between the broker and client✓ Correct
DCommissions must always be 6% of the sale price
Explanation
Real estate commissions are freely negotiable in South Carolina and throughout the United States. Commission rate-fixing (agreement among brokers to charge the same rate) is a violation of antitrust law. SCREC does not set commission rates.
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