A provisional broker in Winston-Salem is sorting out a file issue involving WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
D) The broker should identify the possible working relationships and avoid collecting confidential information before satisfying the WWREA requirement.
The broker should identify the possible working relationships and avoid collecting confidential information before satisfying the WWREA requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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.
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