Agency
Under NC agency law, a 'designated agency' arrangement requires the broker-in-charge to:
APersonally represent both the buyer and the seller
BDesignate separate agents from the firm to each exclusively represent the buyer and the seller✓ Correct
CDisclose all clients' confidential information to the other party
DStep aside and allow both agents to become dual agents
Explanation
In designated agency, the BIC designates one agent to exclusively represent the buyer and another to exclusively represent the seller. Each designated agent owes full fiduciary duties to their client, reducing the conflicts of dual agency.
Related North Carolina Agency Questions
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