A buyer representative in Huntersville is updating the policy manual on seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
B) A seller agency relationship in North Carolina must be express and in writing from the outset, typically through a written listing agreement.
A seller agency relationship in North Carolina must be express and in writing from the outset, typically through a written listing agreement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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.
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