North Carolina License Law

NCREC may discipline a broker for which of the following acts?

ARepresenting both buyer and seller with written informed consent
BFailing to disclose a known material defect to the buyer✓ Correct
CCharging a commission rate set by agreement with the client
DAdvertising a listed property on a personal website

Explanation

Failing to disclose a known material defect violates NC license law and NCREC rules. Brokers have a duty to disclose material facts that affect the value or desirability of a property, regardless of which party they represent.

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