In North Carolina, if a listing broker is tempted to disclose the terms of an offer to get another buyer to submit a higher offer, what must the broker do?
A.
Obtain permission to disclose the terms of the offer from the seller only
B.
Obtain express authority to disclose the terms of the offer from the offering party
C.
Disclose all offers to all competing buyers because the existence of multiple offers is a material fact
In North Carolina, a broker may not disclose the price or terms of one buyer’s offer to another party without the express permission of the party who made the offer. This ensures fair dealing and prevents misuse of confidential offer terms. While a seller can instruct a broker to disclose that there are multiple offers, the details (like price, due diligence fee, etc.) require written consent from the offeror. Therefore, the correct answer is B.
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