Agency
Under South Carolina law, an 'exclusive agency listing' means:
AThe seller cannot sell the property themselves without paying commission
BThe broker earns commission only if the broker (not the seller) finds the buyer✓ Correct
CMultiple brokers can list the property simultaneously
DThe broker guarantees the sale within a specified period
Explanation
An exclusive agency listing grants one broker the exclusive right to represent the seller, but the seller may sell the property themselves without paying a commission. The broker only earns a commission if they (or a cooperating broker) find the buyer.
Related South Carolina Agency Questions
- In South Carolina, a buyer's agent who learns that the seller is in financial distress and must sell quickly should:
- In South Carolina, what is the 'duty of reasonable care' in agency?
- In South Carolina, what is the primary function of the agency disclosure form given to consumers?
- In South Carolina, 'agency coupled with an interest' is:
- In South Carolina, a 'buyer rebate' from the buyer's agent is permissible under what conditions?
- In South Carolina, 'customer' versus 'client' in agency means:
- What is 'procuring cause' in South Carolina real estate commission disputes?
- In South Carolina, which of the following is TRUE about a 'net listing'?
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 →