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AgencyDual_and_designated_dual_agencyEASY

A compliance reviewer in Chapel Hill is answering a client question about dual agency and designated dual agency. Which statement best applies under current North Carolina law?

Correct Answer

B) The broker-in-charge plays an important role in designated dual agency supervision and in handling confidentiality within the firm.

The broker-in-charge plays an important role in designated dual agency supervision and in handling confidentiality within the firm.

Answer Options
A
The BIC may disclose one party's negotiating secrets to help the other side.
B
The broker-in-charge plays an important role in designated dual agency supervision and in handling confidentiality within the firm.
C
Designated dual agency removes the firm's supervision duties under current North Carolina rules
D
The BIC has no role once designated agents are assigned under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

bic_limitsconfidentialitydesignated_dual_agencydifficulty_1dual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinatiming_forms_exceptions_and_authority
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