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North Carolina broker Chris has a buyer agency contract with Ike stating that Chris's firm...

North Carolina Real Estate Commission NCREC-Broker-N Full Course Access
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North Carolina broker Chris has a buyer agency contract with Ike stating that Chris's firm will earn a 2.5% commission for finding the property Ike buys. Ike looks at three properties for which the seller is offering a 3% commission split to the selling agent, and one of the sellers is offering a $500 gift card to a selling agent as a bonus. Which statement is TRUE?

A.

Chris does not have to tell any seller that Ike has guaranteed Chris's firm a commission of 2.5%.

B.

Chris does not have to disclose to Ike that any seller is offering more than the promised 2.5% commission he agreed to.

C.

Chris does not have to disclose the offer of the gift card to Ike because it is not a cash commission.

D.

Chris must disclose the offer of the gift card to Ike before he can show that property to Ike.

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A seller sold their house for $600,000.
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