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AgencyDual_and_designated_dual_agencyHARD

A compliance reviewer in High Point is sorting out a file issue involving 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.

Answer Options
A
Dual agency permits the broker to reveal either side's lowest acceptable price.
B
Dual agency and designated dual agency limit what confidential information may be shared without a client's permission.
C
Once parties consent to dual agency, all confidentiality disappears.
D
A designated agent may reveal confidential motives to the other designated agent by default.

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Related Topics & Key Terms

Key Terms:

confidentialitycore_rules_and_definitionsdesignated_dual_agencydifficulty_4dual_agencydual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolina
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