An exam-prep coach in Mooresville is sorting out a file issue involving WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
D) 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
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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