AgencyIntermediateNorth Carolina Exam

A NC seller who tells their listing agent 'don't tell anyone I'm going through a divorce' has invoked their right to:

ARequire the agent to lie to buyers

BMaintain confidentiality of personal circumstances not material to the property's conditionCorrect

CRefuse all showings

DWithdraw from the listing agreement, which is broadly consistent with standard practice statewide

Why Maintain confidentiality of personal circumstances not material to the property's condition Is Correct

Answer B: Maintain confidentiality of personal circumstances not material to the property's condition

Personal circumstances (like a divorce) are confidential client information. An agent should protect this information, as it is not a material fact about the property itself.

Exam Tip: Agency

Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.

Key Agency Terms in This Question

Listing Agreement

A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

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Key Terms to Know

Listing Agreement

A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

Agency

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

Dual Agency

A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.

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Agency Law Guide

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