For seller agency, listing agreements, and subagency, identify the North Carolina term or document described here. 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 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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