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South Carolina Real Estate Agency Disclosure - Charleston ... 2025

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The document outlines the South Carolina Real Estate Commission's requirements regarding the disclosure of real estate brokerage relationships. It explains the differences between being a customer and a client of a brokerage firm, detailing the services provided under each status. Customers receive basic services without an agency relationship, while clients enter into written agreements for more comprehensive representation. The document also describes various agency types, including single agency, dual agency, and designated agency, emphasizing that consumers have the choice to determine their level of service.

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When should agency relationships be disclosed?

The TDS disclosures in residential sales are required to be delivered as soon as practicable before transfer of title. Civil Code 1102.3(a).

How should a SC real estate brokerage relationship be disclosed?

CAVEAT: While neither License Law nor Commission rules mandate this disclosure (even though it is strongly recommended that licensees disclose their license status), be aware that the REALTOR Code of Ethics requires licensees who are members of the REALTOR organization to disclose in writing prior to making an offer

When must an agent supply a written agency disclosure?

Californias agency disclosure law requires the selling agent to provide disclosure statements to both the buyer before they sign the offer and to the seller before the offer is presented. This law fosters transparency and protects the interests of both parties in real estate transactions.

Is South Carolina a full disclosure state?

In the state of South Carolina, all sellers are required to disclose information about buyer warranties or insurability of their property.

When must disclosure take place?

You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesnt require written confirmation of the agency disclosure until each party is about to sign an offer.

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At what point must an agency disclosure be given?

The signed South Carolina Disclosure or Real Estate Brokerage Relationships form must be included in an agency agreement and sales contract. When must the disclosure form be provided to a consumer? The form must be provided at the first practical opportunity after substantive contact with potential buyers or sellers.

South Carolina Real Estate Agency Disclosure - Charleston ... 2025

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