For buyer agency agreements and the written-agreement deadline, what North Carolina concept is described below? Read the description and choose the matching concept. Description: The North Carolina agreement that must be express, written, and signed no later than the time an offer is made when a broker represents a buyer as agent.
Correct Answer
A) Written buyer agency agreement
Written buyer agency agreement
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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