North Carolina License LawIntermediateNorth Carolina Exam
A North Carolina broker who receives compensation from both buyer and seller in the same transaction without disclosure to both parties has committed:
AAn acceptable industry practice
BAn undisclosed dual compensation violationCorrect
CA violation only if the total exceeds $5,000
DA minor clerical error
Why An undisclosed dual compensation violation Is Correct
Answer B: An undisclosed dual compensation violation
Receiving compensation from both sides of a transaction without full disclosure and consent from all parties is a violation of NC license law and the duty of loyalty.
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