South Carolina Regulatory Agency Disclosure Form
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People also ask
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Who is responsible for compliance with the South Carolina Residential property Disclosure Act?
(A) A listing agent or any real estate licensee operating for any party in a residential real estate transaction must inform in writing each owner covered by the listing agreement of the owner's obligations prescribed in this article.
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When must you provide an agency disclosure to a South Carolina consumer?
(B) A licensee who begins working with a potential buyer shall provide to the potential buyer a completed agency disclosure form at the first substantive contact and must establish at that time of contact whether buyer will be customer or client. When Buying or Selling Real Estate, Are You a Customer or Client?
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Who is responsible for compliance with the South Carolina Residential Property Disclosure Act?
(A) A listing agent or any real estate licensee operating for any party in a residential real estate transaction must inform in writing each owner covered by the listing agreement of the owner's obligations prescribed in this article.
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What must a South Carolina real estate licensee who's purchasing a property disclose on the contract?
As a South Carolina real estate licensee purchasing an investment property, you are required to disclose your license status on page one of the sales contract. South Carolina, like many states, mandates that real estate licensees disclose their status in real estate transactions to ensure transparency and fairness.
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Which of these South Carolina transactions requires that property disclosures be provided to the buyer?
Generally, the residential property condition disclosure statement must be provided for sales or exchanges, installment land contracts, and leases with an option to buy if the transaction is for existing residential properties with one to four dwellings.
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What is the S.C. regulatory agency to receive borrower complaints disclosure?
The S.C. Department of Consumer Affairs is designated to receive complaints or inquiries about the origination and brokering of your mortgage.
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Is a property disclosure statement required in SC?
Before you can form a real estate contract with a potential buyer for your South Carolina home, state law requires that you give that buyer a "disclosure statement." This is a document that tells the buyer about any known defects in your home and property. Defects come in all shapes and sizes.
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Are property disclosures required in South Carolina?
Before you can form a real estate contract with a potential buyer for your South Carolina home, state law requires that you give that buyer a "disclosure statement." This is a document that tells the buyer about any known defects in your home and property. Defects come in all shapes and sizes.
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