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AgencyDual_and_designated_dual_agencyMEDIUM

A broker-in-charge in Charlotte is sorting out a file issue involving dual agency and designated dual agency. Which statement best applies under current North Carolina law?

Correct Answer

A) The purpose of designated dual agency is to allow separate affiliated agents to assist opposite sides while the firm remains in a dual agency posture.

The purpose of designated dual agency is to allow separate affiliated agents to assist opposite sides while the firm remains in a dual agency posture.

Answer Options
A
The purpose of designated dual agency is to allow separate affiliated agents to assist opposite sides while the firm remains in a dual agency posture.
B
Designated dual agency creates two entirely unrelated firms for one transaction.
C
Designated dual agency means there is no dual agency at all under current North Carolina rules
D
Designated dual agency is only a marketing term and has no compliance effect.

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Related Topics & Key Terms

Key Terms:

core_rules_and_definitionsdesignated_dual_agencydifficulty_3dual_agencydual_and_designated_dual_agencyfirm_structurenc_agency_brokerage_relationshipsnc_statenorth_carolina
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