Agency
Under North Carolina rule, when must a buyer's agency agreement be in writing?
ANever; verbal agreements are sufficient
BOnly for commercial transactions
CThe buyer agency agreement should be in writing before the broker shows the buyer property✓ Correct
DOnly when dual agency is involved
Explanation
While NC rules require reviewing the WWREA brochure and disclosing agency status, best practice and NCAR forms contemplate a written buyer agency agreement before showing property.
Related North Carolina Agency Questions
- Dual agency in North Carolina occurs when:
- A seller's agent who knows a property's basement floods every spring has a duty to:
- In NC, who is ultimately responsible for completing the Working with Real Estate Agents disclosure?
- 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 listing broker who also has a personal financial interest in the property being listed (such as being a lender to the seller) must:
- North Carolina's 'Working with Real Estate Agents' disclosure brochure must be provided to a prospective buyer or seller:
- When must a North Carolina licensee provide the 'Working with Real Estate Agents' brochure to a prospective buyer?
- When must a listing agent provide the 'Working with Real Estate Agents' (WWREA) disclosure brochure to a potential seller client?
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 →