Agency
In North Carolina, a broker's agency relationship is terminated by all of the following EXCEPT:
ACompletion of the transaction
BMutual agreement
CDeath of the broker
DListing the property in the MLS✓ Correct
Explanation
Agency terminates by completion, expiration, mutual agreement, death or incapacity of a party, destruction of the property, or breach. Listing in the MLS is part of the agent's duties and does not terminate the relationship.
Related North Carolina Agency Questions
- In NC, a 'transaction broker' (facilitator) who assists both buyer and seller owes which duty to both parties?
- Apparent authority in a real estate agency relationship arises when:
- A NC broker representing a buyer who has an exclusive buyer representation agreement may terminate the agreement early if:
- A NC seller's listing agent who is also a buyer in the transaction creates what type of conflict?
- Under the NC real estate agency law, 'designated dual agency' occurs when:
- In NC, an agent's duty of 'accounting' requires them to:
- A North Carolina buyer's agent owes which of the following fiduciary duties to the buyer?
- In NC, a listing agent who fails to present all offers to the seller, selectively withholding low offers, violates the duty of:
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