Agency
In NC, the buyer in a real estate transaction who chooses not to be represented by an agent is considered a:
AClient
BCustomer — the broker owes them honesty and disclosure of material facts, but not fiduciary duties✓ Correct
CPrincipal
DSub-agent
Explanation
An unrepresented buyer is a 'customer' (not a client) of the seller's agent; the broker owes them honesty, fair dealing, and disclosure of material facts, but not fiduciary duties like loyalty or confidentiality.
Related North Carolina Agency Questions
- The NC WWREA brochure explains three possible agency relationships. Which one is NOT a recognized agency relationship in NC real estate?
- When a real estate firm in NC represents a buyer client, all brokers in the firm are:
- A NC broker representing a buyer who has an exclusive buyer representation agreement may terminate the agreement early if:
- Under NC agency law, the term 'principal' refers to:
- In NC, who is ultimately responsible for completing the Working with Real Estate Agents disclosure?
- Which agency relationship is created when a North Carolina broker shows a buyer a property that the broker also has listed for the seller?
- In NC, 'subagency' in a real estate transaction traditionally means:
- A dual agent in North Carolina must obtain informed written consent from:
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