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For a question about buyer agency agreements and the written-agreement deadline, which North Carolina concept fits this description? Match the description to the correct term. Description: The type of early buyer-side relationship North Carolina may allow before the written deadline, so long as the buyer is not bound for a term.

Correct Answer

C) Oral buyer agency

Oral buyer agency

Answer Options
A
Automatic designated dual agency
B
Recorded lien rights
C
Oral buyer agency
D
Statutory escrow agreement

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Related Topics & Key Terms

Key Terms:

buyer_agency_written_agreement_by_offercore_rules_and_definitionsdefinitiondifficulty_3nc_agency_brokerage_relationshipsnc_statenorth_carolinaoral_agency

Related Concepts

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

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