Designated agency in North Carolina is considered:

I. A form of dual agency II. Mandatory if you practice dual agency

A. I only

B. II only

C. Both I and II

D. Neither I nor II

A. I only

Designated agency can be practiced:

I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their

office

A. I only

B. II only

C. Both I and II

D. Neither I nor II

Under the general principles of agency, when a licensee is acting on behalf of a client and acts

improperly who is liable for the acts of the licensee?

A. only the client

B. only the licensee and the broker-in-charge

C. only the client and the licensee

D. the client, the licensee, the firm and or the broker-in-charge

A disclosure of agency status should be made by a buyer's agent to the seller:

l. With a written confirmation in the offer to purchase and contract ll. At the initial contact with

the seller's agent, orally or in writing

A. l only

B. ll only

C. Both l and ll

D. Neither l nor ll

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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