A provisional broker in Gastonia is reviewing buyer agency agreements and the written-agreement deadline. Which statement is NOT accurate under current North Carolina law?
Correct Answer
D) The buyer agent needs no writing if the listing firm agrees to pay compensation under current North Carolina rules
This choice is the inaccurate statement. The other three options describe the current North Carolina rule or guidance more accurately.
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Related Topics & Key Terms
Key Terms:
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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