Does a listing agent have to disclose the existence of multiple offers to a buyer's agent?

The correct choice is that a listing agent does not have a legal obligation to disclose the existence of multiple offers to a buyer's agent. This is because the information about multiple offers is not classified as a material fact that must be shared under North Carolina real estate law. A material fact is typically one that directly affects the value or desirability of a property and is something that a buyer would need to know in order to make an informed decision.

While ethical considerations and practices may lead some agents to disclose multiple offers to maintain transparency and trust within the transaction, there is no statutory requirement to do so. Each listing agent has the discretion to disclose or withhold this information based on their judgment and the best interest of their client (the seller).

This discretion ensures that the seller can maintain a competitive advantage in negotiations, potentially leading to a better outcome for the seller. Thus, while buyers may feel they have a right to know about multiple offers, the legal framework does not enforce this expectation directly.