A provisional broker in Concord is updating the policy manual on dual agency and designated dual agency. Which statement best applies under current North Carolina law?
Correct Answer
B) Dual agency and designated dual agency limit what confidential information may be shared without a client's permission.
Dual agency and designated dual agency limit what confidential information may be shared without a client's permission.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
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