Agency
A 'seller's agent' in NC owes the seller the fiduciary duty of loyalty, which means the agent must:
AAlways recommend the seller accept the highest offer regardless of terms
BPlace the seller's interests above their own and above the interests of other parties✓ Correct
CDisclose all information to potential buyers
DRepresent the seller at a reduced commission
Explanation
The duty of loyalty requires the agent to place the client's interests above all others, including the agent's own self-interest — they must not subordinate the seller's goals for personal gain.
Related North Carolina Agency Questions
- Under NC agency law, the duty of 'obedience' requires the agent to:
- In NC, a 'limited service agreement' with a seller allows the broker to:
- Which of the following best describes a material fact a North Carolina broker must disclose?
- A NC buyer's agent who discovers the property has a history of flooding that was not disclosed on the Seller Disclosure should:
- A NC listing broker whose seller is about to sell a property with a defective septic system without disclosing it to the buyer should:
- A NC listing broker who learns during a showing that the property has a significant structural issue discovered by the inspector for a different pending offer must:
- In NC, a seller who is misled by their listing agent into accepting a lower offer than the property was worth may have a claim against the agent for breach of:
- A seller's agent who knows a property's basement floods every spring has a duty to:
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