Agency
A NC buyer's agent who negotiates the purchase price of a property directly benefits from which fiduciary duty being properly exercised?
AConfidentiality
BLoyalty and diligence — working to secure the best possible terms for the client✓ Correct
CAccounting
DObedience to the seller's agent
Explanation
When a buyer's agent negotiates on behalf of their client to secure the best price and terms, they are fulfilling the duties of loyalty (placing client interests first) and diligence (acting skillfully and promptly).
Related North Carolina Agency Questions
- Under NC real estate license law, a broker who represents themselves as having expertise they do not possess may be liable for:
- A NC buyer's agent who also works part-time as a home inspector must disclose this dual role to buyer clients because:
- A NC agent who advises their buyer client to offer a lower price because the seller needs to sell quickly — using seller motivation information the agent gained as a transaction facilitator — has violated the duty of:
- In NC, when must a buyer's agent provide the WWREA brochure to a buyer?
- In NC, a buyer who submits an offer and pays an earnest money check, but no written buyer agency agreement has been signed, has implicitly established what type of relationship?
- A listing broker in NC is legally obligated to present all written offers to the seller:
- Which agency relationship is created when a North Carolina broker shows a buyer a property that the broker also has listed for the seller?
- The NC WWREA brochure explains three possible agency relationships. Which one is NOT a recognized agency relationship in NC real estate?
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