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AgencyDual_and_designated_dual_agencyMEDIUM

A listing broker in North Carolina is revising a training memo on dual agency and designated dual agency. Which statement is NOT accurate under current North Carolina law?

Correct Answer

A) A provisional broker can ignore firm supervision once designated to a party.

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

Answer Options
A
A provisional broker can ignore firm supervision once designated to a party.
B
The purpose of designated dual agency is to allow separate affiliated agents to assist opposite sides while the firm remains in a dual agency posture.
C
Without proper dual agency consent, a broker or firm should not represent both buyer and seller in the same transaction.
D
Dual agency and designated dual agency limit what confidential information may be shared without a client's permission.

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Related Topics & Key Terms

Key Terms:

confidentialitydesignated_dual_agencydifficulty_3dual_and_designated_dual_agencyfirm_structurenc_agency_brokerage_relationshipsnc_statenorth_carolinareversescenario_traps_edge_cases_and_enforcementwritten_consent
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