A buyer representative in Winston-Salem is preparing an exam-prep note on seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
A) A seller's subagent in North Carolina owes the seller fiduciary duties even though the subagent may work through another brokerage relationship structure.
A seller's subagent in North Carolina owes the seller fiduciary duties even though the subagent may work through another brokerage relationship structure.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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