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AgencyBuyer_agency_written_agreement_by_offerMEDIUM

A broker-in-charge in Charlotte is sorting out a file issue involving buyer agency agreements and the written-agreement deadline. Which statement best applies under current North Carolina law?

Correct Answer

A) A provisional broker providing buyer agency services must do so through the affiliated BIC and cannot independently create side buyer-agency relationships outside that supervision.

A provisional broker providing buyer agency services must do so through the affiliated BIC and cannot independently create side buyer-agency relationships outside that supervision.

Answer Options
A
A provisional broker providing buyer agency services must do so through the affiliated BIC and cannot independently create side buyer-agency relationships outside that supervision.
B
A provisional broker can operate a separate buyer referral business without the affiliated firm's oversight.
C
A provisional broker may represent a buyer personally on weekends outside the affiliated firm.
D
A provisional broker may collect a buyer-side fee directly from the buyer without BIC involvement.

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Related Topics & Key Terms

Key Terms:

bicbuyer_agencybuyer_agency_written_agreement_by_offercore_rules_and_definitionsdifficulty_3nc_agency_brokerage_relationshipsnc_statenorth_carolinaprovisional_broker
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