In a dual agency situation in North Carolina, a broker may NOT:
Why Disclose the seller's minimum acceptable price without permission Is Correct
Answer B: Disclose the seller's minimum acceptable price without permission
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related North Carolina Questions
- In North Carolina, 'informed consent' in a dual agency situation requires:Agency
- In North Carolina, 'dual agency' with written informed consent means the broker:Agency
- A North Carolina broker who provides services to a buyer without a written buyer agency agreement is acting as:Agency
- Dual agency in North Carolina occurs when:Agency
- Which agency regulates real estate licenses in North Carolina?North Carolina License Law
- What is the minimum passing score on the North Carolina real estate licensing exam?North Carolina License Law
- North Carolina requires mandatory agency disclosure. This disclosure must occur:North Carolina License Law
- Under North Carolina law, buyer agency agreements must be:North Carolina License Law
Key Terms to Know
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →