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AgencyDual_and_designated_dual_agencyMEDIUM

An exam-prep coach in Fayetteville 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 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
Once parties consent to dual agency, all confidentiality disappears.
B
Dual agency and designated dual agency limit what confidential information may be shared without a client's permission.
C
Dual agency permits the broker to reveal either side's lowest acceptable price.
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:

confidentialitydesignated_dual_agencydifficulty_3dual_agencydual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinatiming_forms_exceptions_and_authority
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