If the broker-in-charge acts as one of the designated agents on a North Carolina in-house transaction, who can be appointed as a designated agent for the other party?

In a North Carolina in-house transaction, if the broker-in-charge is acting as one of the designated agents representing one party, then a full broker within the firm who has no prior confidential knowledge of the other party may be appointed as the designated agent for the other party. This is crucial in maintaining the appropriate level of confidentiality and avoiding any conflicts of interest among the agents involved.

A full broker can assume this role because they are fully licensed and can represent clients effectively, provided they have not previously gained any confidential information about the opposing party. This ensures that both parties are fairly represented and that the integrity of the transaction is maintained.

The other options present potential conflicts of interest or issues with confidentiality. For instance, appointing a provisional broker or someone with prior knowledge could compromise the transaction’s fairness. Similarly, having the broker-in-charge act as both designated agents in an in-house transaction could lead to conflicts and the inability to maintain the necessary confidentiality and trust that both clients expect.