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AgencyWwrea_first_substantial_contactEASY

An exam-prep coach in Fayetteville is preparing an exam-prep note on WWREA at first substantial contact. Which statement best applies under current North Carolina law?

Correct Answer

B) A broker should write the broker's name and license number on the brochure provided to the consumer.

A broker should write the broker's name and license number on the brochure provided to the consumer.

Answer Options
A
A license number is needed only if the consumer asks for it.
B
A broker should write the broker's name and license number on the brochure provided to the consumer.
C
Only the firm's phone number is required on WWREA.
D
The brochure may be given anonymously under current North Carolina rules

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Related Topics & Key Terms

Key Terms:

WWREAlicense numberbroker identificationbrochure requirementNCREC compliance

Related Concepts

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.

The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.

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