Under South Carolina law, when must a real estate licensee first present the required agency disclosure form to a prospective buyer or seller?
Correct Answer
B) At the first substantive contact with the prospective client
South Carolina law and SCREC regulations require licensees to present the agency disclosure form at the time of first substantive contact with a prospective buyer or seller. This is a state-specific timing requirement designed to ensure consumers understand representation relationships before any meaningful discussion of real estate occurs. S.C. Code Ann. Regs. 36-1 and the SC Agency Disclosure requirements mandate this early disclosure.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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