A listing broker in Apex is sorting out a file issue involving buyer agency agreements and the written-agreement deadline. Which statement best applies under current North Carolina law?
Correct Answer
A) 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
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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.
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