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AgencyDual_and_designated_dual_agencyMEDIUM

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

Correct Answer

A) A provisional broker may be a designated agent only within the affiliated firm and under the supervision structure permitted by the rules.

A provisional broker may be a designated agent only within the affiliated firm and under the supervision structure permitted by the rules.

Answer Options
A
A provisional broker may be a designated agent only within the affiliated firm and under the supervision structure permitted by the rules.
B
A provisional broker may act as an independent designated dual agent outside the affiliated BIC structure.
C
A provisional broker can ignore firm supervision once designated to a party.
D
A provisional broker may create a separate side brokerage solely for one party in a dual agency deal.

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Related Topics & Key Terms

Key Terms:

bicdesignated_dual_agencydifficulty_3dual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinaprovisional_brokertiming_forms_exceptions_and_authority
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