A buyer representative in Huntersville is updating the policy manual on WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
A) At first substantial contact with a prospective buyer or seller, a broker must provide the Working With Real Estate Agents brochure, put the broker's name and license number on it, review it, and determine the contemplated relationship.
At first substantial contact with a prospective buyer or seller, a broker must provide the Working With Real Estate Agents brochure, put the broker's name and license number on it, review it, and determine the contemplated relationship.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
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.
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