Agency
Under NC license law, can a broker represent a buyer and a seller in the same transaction if both consent?
ANo — it is always prohibited regardless of consent
BYes — if both parties give informed written consent to dual agency✓ Correct
CYes — verbal consent is sufficient
DOnly if the broker charges a reduced commission
Explanation
Dual agency is permitted in NC with the informed written consent of both the buyer and the seller — the broker must disclose the dual agency, obtain consent, and maintain confidentiality for both parties.
Related North Carolina Agency Questions
- In NC, a 'limited service agreement' with a seller allows the broker to:
- In a dual agency situation in North Carolina, a broker may NOT:
- A NC broker who is a dual agent and is asked by the buyer 'What will the seller take for this property?' should:
- Under North Carolina rule, when must a buyer's agency agreement be in writing?
- In North Carolina, a broker's agency relationship is terminated by all of the following EXCEPT:
- In North Carolina, which type of agency is prohibited?
- When a NC seller instructs their listing broker to keep the listing price confidential, the broker must:
- A 'material fact' in North Carolina real estate is best described as:
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