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AgencyDual_and_designated_dual_agencyHARD

A broker-in-charge in Greensboro is updating the policy manual on dual agency and designated dual agency. Which statement best applies under current North Carolina law?

Correct Answer

D) Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.

Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.

Answer Options
A
A firm can represent both sides automatically so long as different offices are involved.
B
Unwritten oral consent is enough for dual agency in North Carolina.
C
A broker can be dual agent if the buyer never signs anything.
D
Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.

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Related Topics & Key Terms

Key Terms:

broker_practicecore_rules_and_definitionsdifficulty_4dual_agencydual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinawritten_consent
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