The NC Real Estate Commission's rules (NCREC Rule 58A .0104) require a broker to provide an agency disclosure WHENEVER they:
Why Work with a prospective buyer or tenant at first substantive contact, regardless of who the broker represents Is Correct
Answer B: Work with a prospective buyer or tenant at first substantive contact, regardless of who the broker represents
In North Carolina, Rule 21 NCAC 58A .0104(c) requires that in every real estate sales transaction a broker, at first substantial contact with a prospective buyer or seller, give the person the 'Working with Real Estate Agents' publication, put the broker's name and license number on it, review it, and determine whether the broker will act as that person's agent. If contact is by phone or electronic means, it must be sent within three days. The rule's text names buyers and sellers, not tenants, but this is still the only option matching the first-contact disclosure.
Key North Carolina License Law Terms in This Question
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Key Terms to Know
A 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.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Math Concepts
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