North Carolina Agency Model Quick Reference

📋 The 1-minute cheat sheet

• Agency relationships are created by written agreement; a seller listing (or buyer agency) agreement must be in writing from its formation.
• The 'Working with Real Estate Agents' Disclosure must be reviewed with consumers at first substantial contact (it is a disclosure, not a contract).
• Recognized relationships: seller's agent, buyer's agent, dual agent, and designated dual agency.
• Dual agency is permitted only with the informed, written consent of both buyer and seller.
• Designated agency lets a firm appoint one agent for the buyer and another for the seller within the same transaction, each advocating for their client.
• Buyer agency may begin orally but must be reduced to writing before the buyer makes an offer.
• Brokers owe clients loyalty, obedience, disclosure, confidentiality, accounting, and reasonable skill and care, plus honesty and fair dealing to all parties.