South Carolina Real Estate Salesperson Exam — All Questions
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Under South Carolina agency rules, a licensee should provide the required brokerage-relationships disclosure to a consumer:
- a.Only after a contract is signed
- b.At the closing table
- c.Within 10 days after listing
- d.At the first practical opportunity, before eliciting or receiving confidential information✓
South Carolina requires licensees to disclose the available brokerage relationships at the first practical opportunity, before the consumer shares confidential information. The disclosure explains options such as seller agency, buyer agency, designated agency, and dual agency so the consumer can decide how to work with the licensee.
In South Carolina, when a single firm represents both the buyer and the seller, the firm may assign one affiliated agent to represent the buyer and another to represent the seller. This arrangement is known as:
- a.Subagency
- b.Designated agency✓
- c.Universal agency
- d.Open agency
South Carolina recognizes designated agency, in which the broker-in-charge appoints separate affiliated licensees to represent the buyer and the seller within the same firm. This lets each client receive advocacy while the firm handles both sides. Full dual agency, where one licensee represents both parties, requires the written consent of both.