When should the WWREA be explained and signed?

The correct answer indicates that the WWREA (Working With Real Estate Agents) must be explained and signed at the time of first substantial contact. This is crucial because first substantial contact is when a prospective client is provided with information that could lead to representation or a fiduciary relationship. It is an opportunity for the agent to clarify their role and responsibilities and to ensure that clients understand the nature of the agency relationship, whether they are a client or customer.

To comply with North Carolina law, providing the WWREA at this stage allows potential clients to make informed decisions as they engage with the real estate process. It’s about ensuring transparency and establishing the groundwork for a professional relationship. Waiting until closing, during a listing presentation, or at the time of property showing does not meet the legal requirement of informing consumers about agent relationships early enough in the process.