An exam-prep coach in Greensboro is answering a client question about seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
B) 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
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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