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AgencyDual_and_designated_dual_agencyHARD

A buyer representative in Asheville is reviewing dual agency and designated dual agency. Which statement is NOT accurate under current North Carolina law?

Correct Answer

B) A broker can cure undisclosed dual agency by mentioning it after settlement.

This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.

Answer Options
A
A provisional broker may be a designated agent only within the affiliated firm and under the supervision structure permitted by the rules.
B
A broker can cure undisclosed dual agency by mentioning it after settlement.
C
The broker-in-charge plays an important role in designated dual agency supervision and in handling confidentiality within the firm.
D
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:

bic_limitsconfidentialitycore_rules_and_definitionsdesignated_dual_agencydifficulty_5dual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinareversewritten_consent
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