Agency
Under NC's seller agency, if a buyer makes an oral statement to the listing broker that they are very motivated and willing to go above asking price, the listing broker:
AMust keep this information confidential from the seller
BShould disclose this information to the seller because the broker represents the seller✓ Correct
CCannot disclose it since all client information is confidential
DMust report it to NCREC
Explanation
A listing broker's fiduciary duty includes disclosing all material information to their seller client, including the buyer's level of motivation and willingness to pay more. This helps the seller make an informed decision.
Related North Carolina Agency Questions
- The NC Working with Real Estate Agents (WWREA) brochure explains that a 'buyer's agent' will:
- A buyer's agent in NC owes which of the following fiduciary duties to their buyer client?
- When a NC seller instructs their listing broker to keep the listing price confidential, the broker must:
- Which of the following best describes a listing broker's duty to disclose a seller's financial distress?
- When a North Carolina broker represents the seller, they must disclose to buyers:
- When must a listing agent provide the 'Working with Real Estate Agents' (WWREA) disclosure brochure to a potential seller client?
- Under NC real estate license law, a broker who represents themselves as having expertise they do not possess may be liable for:
- In NC, a listing broker who also brings a buyer and represents both parties without proper consent is guilty of:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →