Agency
Under NC law, a broker who is the agent of the seller must disclose to all potential buyers:
AThe seller's minimum acceptable price
BThe seller's reason for selling
CMaterial facts about the property that affect its value or desirability✓ Correct
DThe seller's new address after the sale
Explanation
Even though a listing broker represents the seller, they must disclose known material facts about the property (defects, conditions, hazards) to all buyers. This obligation protects buyers and is mandated by NC license law and NCREC rules.
Related North Carolina Agency Questions
- Which NC disclosure form must sellers of most residential property complete?
- A NC buyer's agent whose buyer wants to submit an offer significantly below the list price should:
- When a NC seller instructs their listing broker to keep the listing price confidential, the broker must:
- A NC broker representing a buyer who has an exclusive buyer representation agreement may terminate the agreement early if:
- A NC listing broker who learns during a showing that the property has a significant structural issue discovered by the inspector for a different pending offer must:
- In a NC transaction where a listing broker has no buyer's agent cooperating, and shows the home to an unrepresented buyer, the broker is most likely acting as:
- A NC broker's duty to 'present all offers' applies even when:
- Which of the following best describes a material fact a North Carolina broker must disclose?
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