In North Carolina, a broker who represents the seller owes which duty to the buyer?
Why Disclosure of all material facts Is Correct
Answer B: Disclosure of all material facts
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.
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Related North Carolina Questions
- When a North Carolina broker represents the seller, they must disclose to buyers:Agency
- Which of the following best describes a material fact a North Carolina broker must disclose?Agency
- Which statement is TRUE regarding material facts in North Carolina real estate?Agency
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- In North Carolina, a seller must disclose on the RPOADS if the property is located in a:Environmental
Key Terms to Know
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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