Agency
Which of the following statements about 'transaction broker' status in South Carolina is correct?
AA transaction broker owes full fiduciary duties to both parties
BSouth Carolina does not recognize transaction brokers
CA transaction broker facilitates the transaction without representing either party✓ Correct
DOnly brokers-in-charge may serve as transaction brokers
Explanation
A transaction broker (non-agent) facilitates a real estate transaction without representing either party as a fiduciary. South Carolina permits this arrangement with proper disclosure.
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