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AgencyDual_and_designated_dual_agencyMEDIUM

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

Correct Answer

B) Dual agency in North Carolina requires the informed written consent of both parties.

Dual agency in North Carolina requires the informed written consent of both parties.

Answer Options
A
A broker can cure undisclosed dual agency by mentioning it after settlement.
B
Dual agency in North Carolina requires the informed written consent of both parties.
C
Dual agency is created automatically when one firm has both sides of a deal.
D
A broker may act as dual agent whenever both parties seem comfortable, even without writing.

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Related Topics & Key Terms

Key Terms:

difficulty_3dual_agencydual_and_designated_dual_agencyinformed_consentnc_agency_brokerage_relationshipsnc_statenorth_carolinatiming_forms_exceptions_and_authoritywritten_consent
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