For dual agency and designated dual agency, identify the North Carolina term or document described here. Here is the description. Description: The North Carolina agency posture in which one broker or firm represents both buyer and seller in the same transaction.
Correct Answer
D) Dual agency under current North Carolina rules
Dual agency
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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