When must a North Carolina licensee provide the 'Working with Real Estate Agents' brochure to a prospective buyer?
Why At first substantial contact Is Correct
Answer B: At first substantial contact
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
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Related North Carolina Questions
- In North Carolina, the Working with Real Estate Agents (WWREA) disclosure form must be provided to:North Carolina License Law
- The 'Working with Real Estate Agents' brochure in North Carolina explains:Agency
- North Carolina's 'Working with Real Estate Agents' disclosure brochure must be provided to a prospective buyer or seller:Agency
- Under NC license law, a broker must provide the Working with Real Estate Agents disclosure at first substantial contact with:North Carolina License Law
- A NC broker who fails to provide the Working with Real Estate Agents (WWREA) disclosure at first substantial contact is subject to:Agency
- When must a listing agent provide the 'Working with Real Estate Agents' (WWREA) disclosure brochure to a potential seller client?Agency
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- A broker working independently (not associated with a firm) in North Carolina must:North Carolina License Law
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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