For WWREA at first substantial contact, what North Carolina concept is described below? Description: The communication point in North Carolina when a consumer begins sharing or seeking significant transaction-specific information so that WWREA obligations arise.
Correct Answer
D) First substantial contact under current North Carolina rules
First substantial contact
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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.
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