When acting as a dual agent in South Carolina, disclosing one client's willingness to pay differently is a valid duty. Fiduciary responsibilities are central to agency relationships, requiring agents to prioritize the principal's interests while navigating potential conflicts. Balancing interests and ethical standards is crucial in agency roles.
When a South Carolina licensee is acting as a dual agent, they can disclose one client's willingness to pay or accept a price other than the list price to the other party. This falls under the obligations and responsibilities of a dual agent, where transparency regarding potential conflict of interest is crucial.
In an agency relationship, agents are duty-bound to act as fiduciaries for their principals, meaning they must prioritize the best interests of the principal. Conflict of interest can arise in such scenarios, emphasizing the importance of maintaining confidentiality and unbiased representation.
Agency relationships are complex, often presenting challenges related to impartiality and ethical dilemmas. The role of an agent involves balancing various interests while upholding professional ethics and legal obligations.
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