Agency
A NC broker who is a dual agent and is asked by the buyer 'What will the seller take for this property?' should:
ADisclose the seller's minimum price to help facilitate the deal
BDecline to share the seller's confidential information, even in a dual agency✓ Correct
CReport both parties' positions to the NCREC
DAutomatically terminate the dual agency
Explanation
Even in a disclosed dual agency, the broker must maintain confidentiality for both parties — they cannot share the seller's minimum price or the buyer's maximum price with the opposing party.
Related North Carolina Agency Questions
- A NC buyer's agent whose buyer wants to submit an offer significantly below the list price should:
- A buyer's agent in North Carolina owes the buyer all of the following EXCEPT:
- A NC buyer's agent who fails to disclose a known material defect because the seller is also a client (in a dual agency) has violated:
- Designated agency in North Carolina occurs when:
- Apparent authority in a real estate agency relationship arises when:
- In NC, an agent's duty of 'accounting' requires them to:
- A listing broker in NC is legally obligated to present all written offers to the seller:
- A NC broker who represents a seller is approached by the seller's neighbor who wants to buy the property. The broker should:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →