Affiliated Business Arrangement Disclosure Statement - South Carolina

Affiliated Business Arrangement Disclosure Statement - South Carolina

Affiliated Business Arrangement Disclosure Statement is a legal document that was released by the South Carolina Department of Consumer Affairs - a government authority operating within South Carolina.

FAQ

Q: What is an Affiliated Business Arrangement Disclosure Statement?
A: An Affiliated Business Arrangement Disclosure Statement is a document that discloses any financial interest or affiliation between real estate service providers.

Q: Why is an Affiliated Business Arrangement Disclosure Statement required in South Carolina?
A: South Carolina law requires real estate service providers to disclose any affiliated business arrangements to the consumer.

Q: Who needs to provide an Affiliated Business Arrangement Disclosure Statement?
A: Real estate service providers, such as real estate agents, brokers, lenders, and title companies, need to provide the disclosure statement.

Q: What information should be included in an Affiliated Business Arrangement Disclosure Statement?
A: The disclosure statement should include the names of the affiliated businesses, the nature of their affiliation, and any financial interest that exists.

Q: What are the consequences of not providing an Affiliated Business Arrangement Disclosure Statement?
A: Failure to provide the disclosure statement can result in penalties and disciplinary action by the South Carolina Real Estate Commission.

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Form Details:

  • Released on September 1, 2015;
  • The latest edition currently provided by the South Carolina Department of Consumer Affairs;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the South Carolina Department of Consumer Affairs.

Download Affiliated Business Arrangement Disclosure Statement - South Carolina

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