A transaction coordinator in Boone is updating the policy manual on WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
D) The WWREA brochure is a North Carolina agency disclosure tool, not a substitute for the later written agency agreement required in some relationships.
The WWREA brochure is a North Carolina agency disclosure tool, not a substitute for the later written agency agreement required in some relationships.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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