Agency
The NC WWREA disclosure brochure explains which of the following options available to consumers?
AOnly seller agency
BSeller agency, buyer agency, and dual agency options✓ Correct
COnly dual agency
DOnly subagency arrangements
Explanation
The NC Working with Real Estate Agents brochure explains the different agency relationships available — seller's agent, buyer's agent, and dual agency — so consumers can make an informed choice.
Related North Carolina Agency Questions
- Under NC real estate license law, a broker who represents themselves as having expertise they do not possess may be liable for:
- When must a North Carolina licensee provide the 'Working with Real Estate Agents' brochure to a prospective buyer?
- A North Carolina buyer's agent who discovers a material defect in the property being shown must:
- When a NC buyer's agent presents an offer on behalf of their buyer, they are fulfilling which fiduciary duty?
- A NC buyer's agent who fails to disclose a known material defect because the seller is also a client (in a dual agency) has violated:
- Dual agency in North Carolina occurs when:
- Which document in North Carolina establishes the seller's agency relationship and authorizes the broker to market the property?
- A NC buyer's agent has a duty to present all offers to the seller's agent promptly. This duty reflects the fiduciary duty of:
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