An office manager in Carrboro is preparing an exam-prep note on WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
C) A broker should write the broker's name and license number on the brochure provided to the consumer.
Under North Carolina Real Estate Commission rules, when a broker provides the Working With Real Estate Agents (WWREA) disclosure at first substantial contact, the broker must write his or her name and license number on the brochure. This identifies the individual broker and supports verification through NCREC's license lookup.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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