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AgencyDual_and_designated_dual_agencyHARD

A listing broker in Durham is checking a study outline on dual agency and designated dual agency. Which statement is NOT accurate under current North Carolina law?

Correct Answer

D) Designated dual agency removes the firm's supervision duties under current North Carolina rules

This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.

Answer Options
A
Dual agency and designated dual agency limit what confidential information may be shared without a client's permission.
B
A provisional broker may be a designated agent only within the affiliated firm and under the supervision structure permitted by the rules.
C
Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.
D
Designated dual agency removes the firm's supervision duties under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

bic_limitsconfidentialitydesignated_dual_agencydifficulty_5dual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinareversetiming_forms_exceptions_and_authoritywritten_consent
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