S.C. Code Ann. § 40-57-139 – Duties of licensee respecting disclosures

(A) A licensee shall provide in a timely manner to all buyers and sellers with whom the licensee works:
1. (1) a meaningful explanation of agency relationships in real estate transactions;
2. (2) a completed agency disclosure form prescribed by the commission indicating whom the licensee shall represent in a real estate transaction.
(B) A licensee who becomes a seller's agent shall provide a completed agency disclosure form to the seller at the time the listing is obtained and signed.
(C) A licensee who becomes a buyer's agent shall provide a completed agency disclosure form to the buyer at the time an agency agreement is signed.
(D) A licensee who becomes a disclosed dual agent shall provide to both buyer and seller a completed agency disclosure form in accordance with Section 40-57-137.
(E) 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. At the time of contact, it must be established between licensee and potential buyer whether the buyer will be a "customer" or "client". Substantive contact must be the earlier of:
1. (1) prequalifying by requesting specific financial information in order to determine ability to conclude a real estate transaction; or
2. (2) prior to showing real estate to a prospective buyer, other than at an open house.
(F) If first contact occurs over the telephone, a licensee shall provide a buyer with the completed agency disclosure form at the first meeting.