Select the North Carolina concept described below for seller agency, listing agreements, and subagency. Description: A broker who represents the seller through another firm's relationship structure and still owes the seller fiduciary duties.
Correct Answer
C) Seller subagent
Seller subagent
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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