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A North Carolina real estate licensee is working with a buyer under an oral buyer agency agreement that authorizes dual agency. The buyer becomes interested in a property listed by the licensee's real estate firm. The licensee must obtain written permission from the buyer to act as a dual agent prior to the licensee

A. submitting an offer on the property.

B. showing the listed property to the buyer-client.

C. providing a CMA for the buyer to determine offer price.

D. providing confidential information about the seller to the buyer.

Under the supervision of the broker-in-charge, an unlicensed, salaried assistant of an affiliated broker is authorized to

A. record and deposit trust monies held by the firm.

B. prepare contract and lease forms for a client to sign.

C. write and place advertisements for listed property in publications.

D. solicit listings and management contracts from prospective clients.

An out-of-town property owner hired a North Carolina broker to list and sell a desirable commercial lot. The seller set the listing price at $30,000. The broker knew that the lot was worth at least $50,000, but they did NOT tell the owner. The broker bought the lot themselves for $30,000 and resold it shortly thereafter for $50,000. Which of the following is most correct?

A. The broker's purchase of their own listing is illegal commingling.

B. The broker did nothing wrong and is entitled to the $20,000 profit.

C. A court could order the broker to pay the $20,000 profit to the seller.

D. The Commission could order the broker to pay the $20,000 profit to the seller.

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