Final answer:
A licensee in North Carolina must deliver all signed and executed documents to both clients and customers no later than the closing of the transaction to ensure transparency and avoid legal complications.
Step-by-step explanation:
A licensee in North Carolina must deliver all signed and executed documents to both clients and customers no later than the closing of the transaction. This is required to ensure transparency and provide all parties involved with the necessary paperwork.
For example, if a real estate agent is involved in a property transaction, they must deliver the signed and executed documents, such as the purchase agreement, to both the buyer and the seller before the closing of the sale. Failure to deliver the documents on time can result in legal complications and disputes.