Agency
Dual agency in North Carolina occurs when:
ATwo brokers from different firms represent opposite parties
BOne broker or one firm represents both buyer and seller in the same transaction✓ Correct
CA broker represents a buyer in two transactions simultaneously
DA broker acts as both principal and agent
Explanation
Dual agency in NC occurs when a single broker or brokerage firm represents both buyer and seller in the same transaction, requiring informed written consent from both parties.
Related North Carolina Agency Questions
- Which of the following best describes a material fact a North Carolina broker must disclose?
- In NC, when the listing agreement expires, the broker's agency relationship with the seller:
- In NC, an 'express agency' is created by:
- Under NC license law, can a broker represent a buyer and a seller in the same transaction if both consent?
- When a North Carolina broker practices designated dual agency, the broker-in-charge:
- A NC listing broker whose seller is about to sell a property with a defective septic system without disclosing it to the buyer should:
- Under the NC real estate agency law, 'designated dual agency' occurs when:
- A subagent in North Carolina real estate owes fiduciary duties to:
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