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chapter seven is upon us welcome im sean kelly and this is my channel on everything real estate [Music] i remember this chapter specifically from class a long long time ago and i remember it being a pretty long one so im going to cut this intro short you already know to subscribe you already know to hit that thumbs up button so lets dive in now lets pass this north carolina real estate exam this is chapter 7 which is all about brokerage relationships agency is a fiduciary relationship its a position of trust and confidence for someone else above all others even your own interest as an agent you are working on someone elses behalf however when a client signs an agency agreement theyre actually signing that agreement with the firm itself not necessarily you the agent the firm is the one that gets the commission and then they split the check off to you its bigger than you expected what is it its a one-year membership in the jelly of the month club oh god now not all states practi