EstatePass
AgencyMaterial_fact_disclosureEASY

A licensee buying property in SC must:

Correct Answer

B) Disclose licensee status in writing

SC law requires licensees to disclose their license status when personally interested in a transaction.

Answer Options
A
Pay above market
B
Disclose licensee status in writing
C
Use different firm
D
Get SCREC approval

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Related Topics & Key Terms

Related Topics:

SC license law disclosure requirementsmaterial fact disclosureSCREC disciplinary actionsself-dealingconsumer protection

Key Terms:

licensee disclosurewritten disclosurepersonal interestSC license lawtransparencySCREC
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