EstatePass
AgencyDual_and_designated_dual_agencyEASY

A buyer representative in Wilmington is answering a client question about dual agency and designated dual agency. Which statement best applies under current North Carolina law?

Correct Answer

B) Dual agency in North Carolina requires the informed written consent of both parties.

Dual agency in North Carolina requires the informed written consent of both parties.

Answer Options
A
A broker can cure undisclosed dual agency by mentioning it after settlement.
B
Dual agency in North Carolina requires the informed written consent of both parties.
C
Dual agency is created automatically when one firm has both sides of a deal.
D
A broker may act as dual agent whenever both parties seem comfortable, even without writing.

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:

difficulty_1dual_agencydual_and_designated_dual_agencyinformed_consentnc_agency_brokerage_relationshipsnc_statenorth_carolinascenario_traps_edge_cases_and_enforcementwritten_consent
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