A closing-file reviewer in Huntersville is preparing an exam-prep note on seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
C) A broker who is merely a customer-service provider to a buyer in a listing transaction must still accurately disclose that the broker represents the seller or seller's interests if applicable.
A broker who is merely a customer-service provider to a buyer in a listing transaction must still accurately disclose that the broker represents the seller or seller's interests if applicable.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
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.
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