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Author Archives: Anonymous

One authorized to conduct a single transaction or series o t…

One authorized to conduct a single transaction or series o transactions not involving an ongoing relationship is…

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A broker took an exclusive listing contract on a seller’s ho…

A broker took an exclusive listing contract on a seller’s home. The seller told the broker the roof leaked, but the broker made no notation on the listing. Later, a buyer made an offer on the property that the seller accepted. The broker lied when the buyer made his/her offer; telling him/her the roof was in good condition. After the buyer took possession, he/she discovered the truth during the first rain. Responsibility for the misrepresentation rests with whom?

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In South Carolina, when must a licensee provide a meaningful…

In South Carolina, when must a licensee provide a meaningful explanation of agency relationships to a buyer or a seller?

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If the owner is assisted in the sale of property by a real e…

If the owner is assisted in the sale of property by a real estate licensee, who is responsible for completing and delivering the disclosure statement to the purchaser?

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When a brokerage firm is a dual agent, when do the fiduciary…

When a brokerage firm is a dual agent, when do the fiduciary duties to the client become limited?

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An agency which is voluntarily created through contractual a…

An agency which is voluntarily created through contractual agreement between the principal/client and the agent is known as a/an…

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When should the owner provide the completed disclosure state…

When should the owner provide the completed disclosure statement to the purchaser?

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In the Practice Act the term ______ replaced the common law…

In the Practice Act the term ______ replaced the common law term, principal.

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Broker Allen has a listing on property owned by seller Betty…

Broker Allen has a listing on property owned by seller Betty. Which of the following should not be disclosed because it is a duty of confidentiality?

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If the owner attaches a descriptive report from an engineer,…

If the owner attaches a descriptive report from an engineer, contractor, pest control operator, expert or public agency, then…

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