North Carolina's 'Working with Real Estate Agents' disclosure brochure must be provided to a prospective buyer or seller:
Why At first substantial contact Is Correct
Answer C: At first substantial contact
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.
Key Agency Terms in This Question
People Also Study
Related North Carolina Questions
- In North Carolina, the Working with Real Estate Agents (WWREA) disclosure form must be provided to:North Carolina License Law
- When must a North Carolina licensee provide the 'Working with Real Estate Agents' brochure to a prospective buyer?Agency
- The 'Working with Real Estate Agents' brochure in North Carolina explains:Agency
- The North Carolina Residential Property and Owners Association Disclosure Statement (RPOADS) must be provided to buyers of:Contracts
- Under NC license law, a broker must provide the Working with Real Estate Agents disclosure at first substantial contact with:North Carolina License Law
- A NC broker who fails to provide the Working with Real Estate Agents (WWREA) disclosure at first substantial contact is subject to:Agency
- North Carolina requires mandatory agency disclosure. This disclosure must occur:North Carolina License Law
- The NC WWREA disclosure is required at first substantial contact. 'First substantial contact' is typically defined as:Agency
Key Terms to Know
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →