A closing-file reviewer in Huntersville is preparing an exam-prep note on 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
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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