South Carolina Exclusive Agreement Between Employer and Broker to Secure Group Insurance

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US-01165BG
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Description

A broker is an agent who bargains and/or conducts negotiations for and on behalf of his or her principal as an intermediary between the principal and third persons in the acquisition of contractual rights. Such a broker normally receives a commission or brokerage fee for his or her services. While a broker's primary contractual duty is to procure prospects and negotiate with them on behalf of his or her principal, it is not uncommon for the broker to assume an advisory relationship to clients who are not knowledgeable in the types of contracts involved in the negotiations.

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FAQ

Becoming a real estate broker in South Carolina allows you to work completely independently. With your broker's license, you won't need to work under the supervision of another broker.

SC Code of Laws §40-57-135(K)(6) states, ?For all types of real estate transactions, including leases and sales, an unlicensed employee of the owner or an unlicensed individual working under the supervision of a broker-in-charge or a property manager-in-charge may not:.. (6) show real property for sale...?

SECTION 40-57-20. Valid licensure requirement for real estate brokers, salesmen and property managers. It is unlawful for an individual to act as a real estate broker, real estate salesman, or real estate property manager or to advertise as such without a valid license issued by the department.

SECTION 40-57-20. Valid licensure requirement for real estate brokers, salesmen and property managers. It is unlawful for an individual to act as a real estate broker, real estate salesman, or real estate property manager or to advertise as such without a valid license issued by the department.

South Carolina Code §40-57-137(M)(1) states that a licensee may act as a disclosed dual agent only with the prior informed and written consent of all parties. The two key terms in the statute are ?informed? and ?written? consent.

Section 38-71-190 of the South Carolina Code grants the insured the right to petition the Director of Insurance for a hearing on the fairness of subrogation by an insurer.

Let the South Carolina Real Estate School for Success assist you in getting your South Carolina property management license. South Carolina is one of a few states that requires a Property Management license.

SECTION 40-57-135. Duties of broker-in-charge and property manager-in-charge; associated licensees; office locations; policies and recordkeeping; management agreements; unlicensed employees. (8) notify the commission by mail within ten days of any change of office name, address, email address, or telephone number.

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South Carolina Exclusive Agreement Between Employer and Broker to Secure Group Insurance