Question
A builder of new homes in North Carolina has offered a $1,000 incentive bonus to any licensed broker whose customer or client purchases one of
A builder of new homes in North Carolina has offered a $1,000 incentive bonus to any licensed broker whose customer or client purchases one of the builder's new homes. A broker who is working as a buyer's agent is aware of the bonus offer and decides to show their buyer principal one of the builder's new homes. If the buyer's agent orally discloses the incentive bonus to the buyer when selecting listed houses for showing, at what point thereafter must the disclosure be confirmed in writing?
A. before the buyer makes an offer to purchase the property
B. immediately upon the seller's acceptance of the buyer's offer to purchase the property
C. before the buyer closes on the purchase of the property
D. no further disclosure required
The North Carolina Real Estate Commission's publication Working with Real Estate Agents
A. becomes a binding agency contract when properly dated and signed by all parties to the agreement.
B. briefly explains real estate agency relationships and the duties of real estate agents.
C. makes clear to consumers that licensees may under no circumstances work with buyers without a written buyer agency agreement.
D. must be signed, dated, and attached to each offer to purchase presented to a seller by a buyer's agent.
Under which of the following circumstances has a North Carolina listing broker violated their agency relationship with a seller-client?
A. The listing broker presents the seller with an offer after a contract is pending on the listed property.
B. The listing broker presents the seller with an offer three (3) days after receiving it from the buyer agent.
C. A broker employed by the listing broker presents an offer from their sister and her spouse without disclosing the relationship.
D. The listing broker presents the seller with a low price offer and, at the same time, tells the seller that a higher offer from a different buyer is expected.
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