North Carolina License Law
A NC broker is required to notify all parties in writing of any ownership interest or financial stake they have in a transaction. This is required by:
ARESPA
BNC General Statutes Chapter 93A and NCREC rules on disclosure✓ Correct
CThe NC Deceptive Trade Practices Act only
DOnly the NAR Code of Ethics
Explanation
NC license law and NCREC rules require brokers to disclose any personal financial interest in a transaction to all parties in writing, fulfilling the fiduciary duty of disclosure.
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