Which North Carolina term best matches this description about seller agency, listing agreements, and subagency? Apply the description that follows. Description: The North Carolina written contract that usually creates a broker's agency relationship with a seller.
Correct Answer
B) Listing agreement under current North Carolina rules
Listing agreement
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Related Topics & Key Terms
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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