On a North Carolina exam item about dual agency and designated dual agency, which concept is being defined? Read the description and choose the matching concept. Description: The North Carolina agency arrangement in which one firm, through designated agents, represents both sides with written dual agency consent.
Correct Answer
A) Designated dual agency
Designated dual agency
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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.
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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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