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AgencyDual_and_designated_dual_agencyMEDIUM

A Greensboro broker is preparing an exam-prep note on dual agency and designated dual agency. Which statement best applies under current North Carolina law?

Correct Answer

A) Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.

Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.

Answer Options
A
Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.
B
A broker can be dual agent if the buyer never signs anything.
C
Unwritten oral consent is enough for dual agency in North Carolina.
D
A firm can represent both sides automatically so long as different offices are involved.

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Related Topics & Key Terms

Key Terms:

broker_practicedifficulty_3dual_agencydual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinatiming_forms_exceptions_and_authoritywritten_consent
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