Choose the North Carolina concept that fits this description about buyer agency agreements and the written-agreement deadline. 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
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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