EstatePass
AgencyDual_and_designated_dual_agencyMEDIUM

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

Correct Answer

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

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Agency Question

Sign up free to unlock full analysis

Background Knowledge for Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

bicdesignated_dual_agencydifficulty_3dual_and_designated_dual_agencync_agency_brokerage_relationshipsnc_statenorth_carolinaprovisional_brokerscenario_traps_edge_cases_and_enforcement
Was this explanation helpful?

More Agency Questions

People Also Study

Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing