Final answer:
Agency agreements in North Carolina must meet specific requirements, but notarization is not one of them.
Step-by-step explanation:
Agency agreements in North Carolina must meet several requirements to be valid. These requirements typically include:
- An offer and acceptance between the principal and agent.
- Consideration, such as payment or compensation for the agent's services.
- Legally competent parties.
- The agent's authority must be clearly defined.
- The agreement must be in writing for certain types of agency agreements, such as those involving the sale of real estate.
However, one requirement that is NOT necessary for an agency agreement in North Carolina is that it must be notarized. Notarization is not specifically required by the state's laws governing agency agreements.