Section 40-57-380 - Effect of termination, expiration, completion or performance of agency agreements; accounting and confidentialityA real estate broker and all supervised licensees owe no duty or obligation to a client following termination, expiration, completion, or performance of an agency agreement or closing of the real property transaction, whichever occurs first, except the duties of:
(1) accounting in a timely manner for all money and property related to and received during the relationship; and(2) keeping confidential all information received during the course of the engagement which was made confidential by request or instructions from the client, except as provided for in Section 40-57-350(C)(1)(f) and Section 40-57-350(E)(1)(f) unless the:(a) client permits the disclosure by written agreement;(b) disclosure is required by law;(c) disclosure is necessary to defend the licensee against an accusation of wrongful conduct in a proceeding before the commission or before a professional association or professional standards committee; or(d) the information becomes public from a source other than the broker.Amended by 2024 S.C. Acts, Act No. 204 (HB 4754),s 3, eff. 5/21/2024.Added by 2016 S.C. Acts, Act No. 170 (SB 1013), s 1, eff. 1/1/2017.1997 Act No. 24, Section 1; 2004 Act No. 218, Section 19; formerly 1976 Code Section 40-57-140.