Agency
The NC Working with Real Estate Agents (WWREA) brochure explains that a 'buyer's agent' will:
AWork for the seller's best interest and earn a commission from them
BRepresent the buyer exclusively, owing them fiduciary duties of loyalty and confidentiality✓ Correct
CBe neutral and not advocate for either party
DOnly show properties listed by their own firm
Explanation
The WWREA brochure explains that a buyer's agent represents the buyer exclusively, owing them undivided loyalty, confidentiality, and other fiduciary duties. The agent advocates for the buyer's best interests throughout the transaction.
Related North Carolina Agency Questions
- A NC seller's listing agent who is also a buyer in the transaction creates what type of conflict?
- A NC agent who advises their buyer client to offer a lower price because the seller needs to sell quickly — using seller motivation information the agent gained as a transaction facilitator — has violated the duty of:
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- Which NC disclosure form must sellers of most residential property complete?
- Under NC agency law, the duty of 'obedience' requires the agent to:
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- Which document in North Carolina establishes the seller's agency relationship and authorizes the broker to market the property?
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