Agency
When a North Carolina broker represents the seller, they must disclose to buyers:
ANothing — all information is confidential
BOnly the listing price
CMaterial facts about the property that could affect the buyer's decision✓ Correct
DThe seller's reason for selling
Explanation
Even when representing the seller, a North Carolina broker must disclose known material facts about the property to prospective buyers. This duty cannot be waived.
Related North Carolina Agency Questions
- The 'Working with Real Estate Agents' brochure in North Carolina explains:
- Under NC agency law, a 'designated agency' arrangement requires the broker-in-charge to:
- A NC buyer's agent whose buyer wants to submit an offer significantly below the list price should:
- Dual agency in North Carolina occurs when:
- A NC listing broker who receives multiple offers simultaneously should:
- A NC buyer's agent who negotiates the purchase price of a property directly benefits from which fiduciary duty being properly exercised?
- Under NC agency law, the term 'principal' refers to:
- A NC buyer's agent who discovers the property has a history of flooding that was not disclosed on the Seller Disclosure should:
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