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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
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
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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