A compliance reviewer in Chapel Hill is answering a client question about seller agency, listing agreements, and subagency. Which statement best applies under current North Carolina law?
Correct Answer
D) 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 fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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