Agency
In NC, a 'buyer agency agreement' is a written contract between the buyer and:
AThe listing broker
BThe buyer's broker, establishing the scope of representation and compensation✓ Correct
CThe seller
DThe NCREC
Explanation
A buyer agency agreement is a written contract between the buyer and their broker that establishes the agency relationship, scope of services, and compensation terms.
Related North Carolina Agency Questions
- In NC, a 'limited service agreement' with a seller allows the broker to:
- Under NC law, a broker who is the agent of the seller must disclose to all potential buyers:
- In NC, a buyer who submits an offer and pays an earnest money check, but no written buyer agency agreement has been signed, has implicitly established what type of relationship?
- Which agency relationship is created when a North Carolina broker shows a buyer a property that the broker also has listed for the seller?
- In NC, when the listing agreement expires, the broker's agency relationship with the seller:
- In North Carolina, the term 'broker-in-charge' (BIC) refers to:
- Apparent authority in a real estate agency relationship arises when:
- In North Carolina, a seller's agent owes which duties to the buyer?
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