North Carolina License Law
Under NC license law, a broker who acts as both principal (buying for themselves) and agent must disclose this dual role:
AOnly after the transaction closes
BTo the other party before entering into a contract✓ Correct
COnly to the NCREC
DOnly if the other party specifically asks
Explanation
A broker who has a personal financial interest in a transaction (such as purchasing for their own account) must disclose their status as a licensed real estate broker to the other party before entering into a contract.
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