For dual agency and designated dual agency, what North Carolina concept is described below? Description: The North Carolina agency posture in which one broker or firm represents both buyer and seller in the same transaction.
Correct Answer
D) Dual agency under current North Carolina rules
Dual agency
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
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