A firm owner in Asheville is preparing an exam-prep note on WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
B) When first substantial contact occurs by phone or email, the brochure must still be transmitted or mailed promptly and then reviewed with the consumer.
When first substantial contact occurs by phone or email, the brochure must still be transmitted or mailed promptly and then reviewed with the consumer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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.
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