An office manager in Cary is updating the policy manual on seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
A) Brokers should not imply seller representation without the required written agreement and related disclosures.
Brokers should not imply seller representation without the required written agreement and related disclosures.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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- → A Vermont licensee is asked about a designated agency firm appoints separate agents for buyer and seller. What is the best answer?
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