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South Carolina · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 South CarolinaSouth Carolina recognizes several agency relationships, including representing the seller, the buyer, or acting as a transaction broker who facilitates a deal without representing either party. Dual agency, where a firm represents both buyer and seller in the same transaction, is permitted only with the informed written consent of both parties. Because the state does not impose default fiduciary duties without an agreement, licensees must clearly establish and document whom they represent at the start of the relationship.
Yes. State License Law is a scored domain on the South Carolina real estate licensing exam, and this topic appears in the state license-law portion.
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South Carolina applies its own license law on top of the national portion. This page covers the South Carolina rules specifically, which is what the state section of your exam tests.