Agency
When a South Carolina agent is operating as a dual agent with written consent, they may NOT:
ADisclose the existence of other offers to either party
BDisclose the property's days on market
CDisclose the seller's minimum acceptable price to the buyer without seller permission✓ Correct
DPresent the buyer's offer to the seller
Explanation
In a dual agency, the agent cannot disclose the seller's minimum acceptable price to the buyer (or the buyer's maximum willingness to pay to the seller) without the respective party's permission. Disclosing such confidential information would violate the agent's duties in a dual agency.
Related South Carolina Agency Questions
- In South Carolina, the term 'scope of agency' refers to:
- In South Carolina, an agent owes which of the following duties to all parties in a transaction, regardless of who they represent?
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- In South Carolina, what is 'procuring cause' in the context of real estate commissions?
- A South Carolina seller instructs their agent not to disclose that the property is in a flood zone. The agent should:
- Which of the following is TRUE about commission rates in South Carolina?
- When does a seller's agency relationship with a listing broker typically terminate in South Carolina?
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