Agency
Under NC law, a real estate broker is an agent only if they have:
AA real estate license
BBoth a license and an agency agreement (express or implied) with the client✓ Correct
CShown at least one property to the client
DReceived compensation from the client
Explanation
A broker is an agent when there is both a license AND an agency relationship formed through an express agreement (written or verbal) or implied by conduct — licensure alone does not create an agency relationship.
Related North Carolina Agency Questions
- In North Carolina, 'informed consent' in a dual agency situation requires:
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- Which of the following best describes a material fact a North Carolina broker must disclose?
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