Agency
In North Carolina, a seller's agent owes which of the following duties to an unrepresented buyer?
AFiduciary duties including confidentiality and loyalty
BHonesty, fairness, and disclosure of material facts✓ Correct
CThe same duties owed to the seller
DNo duties whatsoever
Explanation
NC seller's agents owe unrepresented buyers honesty, fairness, and disclosure of material facts about the property, but do not owe fiduciary duties.
Related North Carolina Agency Questions
- A NC broker who represents a seller is approached by the seller's neighbor who wants to buy the property. The broker should:
- A real estate broker in NC may represent more than one buyer seeking the same property if:
- Under North Carolina agency law, an agent's duty of confidentiality to the client:
- Under NC agency law, the duty of 'obedience' requires the agent to:
- A NC broker's duty to 'present all offers' applies even when:
- A broker in NC may not lawfully pay a referral fee to:
- In NC, a listing agent who fails to present all offers to the seller, selectively withholding low offers, violates the duty of:
- Which agency relationship is created when a North Carolina broker shows a buyer a property that the broker also has listed for the seller?
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