POST 301 - NC Real Estate Exam Review | 100% Correct Answers | Verified | Latest 2024 Version

Who must disclose material facts and to whom? - Only real estate brokers must discover and disclose material facts to everyone. All of the following are true EXCEPT: a) a listing agent has a higher duty to discover and disclose material facts because they have greater access to the property and information from the seller b) a broker who relies solely on what their client tells them does so at their peril. c) buyer agents can rely on the listing company's representations and have no duty to discover and disclose d) buyer agents can rely on the listing company's representations and have - c) buyer agents can rely on the listing company's representations and have no duty to discover and disclose Minimally, how many parties are there in an agency relationship and what are they called under agency law? - There must be at least two parties, one is the agent and the other is the principal Real estate companies may work with consumers under which of the following agency options? a) representing only the property owner b) representing only the buyer or tenant c) representing both parties as a dual agent d) all of the above - d) all of the above