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AgencyDual_and_designated_dual_agencyEASY

A Charlotte broker is answering a client question about dual agency and designated dual agency. Which statement best applies under current North Carolina law?

Correct Answer

B) Designated dual agency allows one firm to appoint separate affiliated agents to work with each party, but it still requires written consent to dual agency.

Designated dual agency allows one firm to appoint separate affiliated agents to work with each party, but it still requires written consent to dual agency.

Answer Options
A
Designated dual agency means the BIC owes loyalty only to the buyer under current North Carolina rules
B
Designated dual agency allows one firm to appoint separate affiliated agents to work with each party, but it still requires written consent to dual agency.
C
Designated dual agency lets affiliated agents share confidential client information freely.
D
Designated dual agency avoids the need for dual agency consent under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

designated_dual_agencydifficulty_2dual_agencydual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinatiming_forms_exceptions_and_authoritywritten_consent
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