A buyer representative in Wilmington is answering a client question about seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
B) Brokers should not imply seller representation without the required written agreement and related disclosures.
Brokers should not imply seller representation without the required written agreement and related disclosures.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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- → A Vermont licensee is asked about a designated agency firm appoints separate agents for buyer and seller. What is the best answer?
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