Real Estate South Carolina Pre-license Questions and Answers Already Passed

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Real Estate South Carolina Pre-license Questions and Answers Already Passed statutes ✔✔state or federal laws common law ✔✔decisions and decrees of judges agent ✔✔one engaged to represe... nt and be under control of a principal principal ✔✔one who contracts with another for representation third party ✔✔is a customer until they sign an agreement and then they are a client agency relationship ✔✔one in which an agent is hired by a principal to represent him in legal or business dealings with third parties attorney-in-fact ✔✔person authorized by a power of attorney special agent ✔✔hired for a specific service, limited authority, does not have continuous service general agent ✔✔hired for continuous service, hired by a special agent an associated licensee is a general agent/subagent of a special agent, the BIC subagent ✔✔an agent of an agent, two types: in-house and cooperative dual agent ✔✔a firm that represents both a seller-client and a buyer-client. neither client gets full representation. If same agent reprents both, it MUST be dual agency. designated agent ✔✔created by SC statute. on of the individual subagents in a brokerage who is assigned by the BIC to represent one client in a specific in house transaction that would otherwise be a dual agency. Client gets full representation. Must be two licensees, one for the buyer and one for the seller. Agency agreement must be signed before writing offer and before accepting offer. Allowed in SC but is not allowed in com [Show More]

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