Does North Carolina permit dual agency?

North Carolina does allow dual agency, provided that there is informed consent from both parties involved in the transaction. This means that the agent can represent both the buyer and the seller, but must fully disclose this relationship and obtain written consent from both parties. This requirement is meant to ensure transparency and protect the interests of all individuals involved in the transaction.

The regulatory framework surrounding dual agency emphasizes the importance of informed consent, which safeguards against potential conflicts of interest that can arise when one agent represents both sides. In North Carolina, agents are required to communicate their dual agency status to their clients, ensuring that everyone understands the implications of this arrangement.

By contrast, the other options either suggest a prohibition against dual agency or limit its application, which does not align with the law as it stands in North Carolina. Therefore, the correct understanding is that while dual agency is permitted, it must be conducted ethically and with the explicit consent of all parties involved.