A builder of new homes in North Carolina has offered a $ 1 , 0 0 0
Fantastic news! We've Found the answer you've been seeking!
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 the buildings. The licensee that is working as a buyers agent is aware of the bonus offer and decides to show his buyer principal one of the builders new homes. How must the buyers agent disclose on the bonus to his buyer principal?
A) The initial disclosure should be made orally before the broker makes an appointment to show the house, and prior to showing the property the broker must disclose to full amount of the bonus
B) Prior to showing the property, the broker must orally disclose the full amount of the bonus, and if the buyer makes and offer to purchase the property the disclosure must be confirmed in writing prior to closing.
C) The initial full disclosure of the amount of the bonus may be made orally, but the broker must confirm the disclosure in writing before the buyer makes and offer to purchase property
D) before the buyer makes an offer to purchase the property, the broker must orally disclose the full amount of the bonus, and if the buyers office is accepted the licensee must promptly confirm the disclosure in writing.
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date: