Agency
A buyer's agent in North Carolina owes the buyer all of the following EXCEPT:
ALoyalty
BConfidentiality
CObedience to all instructions
DDisclosure of the seller's financial hardship if it could benefit the buyer✓ Correct
Explanation
A buyer's agent owes loyalty, confidentiality, and reasonable obedience, but also has a duty not to disclose the other party's confidential information such as the seller's financial distress.
Related North Carolina Agency Questions
- Which document in North Carolina establishes the seller's agency relationship and authorizes the broker to market the property?
- A NC buyer's agent who negotiates the purchase price of a property directly benefits from which fiduciary duty being properly exercised?
- In NC, a 'transaction broker' (facilitator) who assists both buyer and seller owes which duty to both parties?
- A NC broker who represents neither buyer nor seller but facilitates the transaction is acting as a:
- A NC buyer's agent whose buyer wants to submit an offer significantly below the list price should:
- When must a listing agent provide the 'Working with Real Estate Agents' (WWREA) disclosure brochure to a potential seller client?
- When must a North Carolina licensee provide the 'Working with Real Estate Agents' brochure to a prospective buyer?
- A 'buyer representation agreement' in NC should specify:
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