A compliance reviewer in Apex is updating the policy manual on seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
A) A broker who is merely a customer-service provider to a buyer in a listing transaction must still accurately disclose that the broker represents the seller or seller's interests if applicable.
A broker who is merely a customer-service provider to a buyer in a listing transaction must still accurately disclose that the broker represents the seller or seller's interests if applicable.
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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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