An office manager in Boone is training a new associate on WWREA at first substantial contact. Which statement best applies under current North Carolina law?
Correct Answer
B) At first substantial contact with a prospective buyer or seller, a broker must provide the Working With Real Estate Agents brochure, put the broker's name and license number on it, review it, and determine the contemplated relationship.
At first substantial contact with a prospective buyer or seller, a broker must provide the Working With Real Estate Agents brochure, put the broker's name and license number on it, review it, and determine the contemplated relationship.
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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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