A training instructor in Carrboro is updating the policy manual on buyer agency agreements and the written-agreement deadline. Which statement best applies under current North Carolina law?
Correct Answer
B) If a broker is only assisting a buyer as a customer and not as an agent, the broker still must follow WWREA and disclosure duties, but agency-specific promises should not be implied.
If a broker is only assisting a buyer as a customer and not as an agent, the broker still must follow WWREA and disclosure duties, but agency-specific promises should not be implied.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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