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301 NC POST – LICENSING EXAM WITH CORRECT 250+ (ACTUAL EXAM) QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 ALREADY GRADED A+ $12.99
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301 NC POST – LICENSING EXAM WITH
CORRECT 250+ (ACTUAL EXAM)
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST 2024 ALREADY
GRADED A+
At what point in the relationship with a buyer must Tara, a
broker with Home Town Realty, disclose all the agency options
available to a prospective buyer?
A) Tara must disclose agency options at the time when a
potential buyer wants to make an offer.
B) Tara must disclose agency options at first substantial
contact.
C) Tara must disclose agency options at initial contact with a
prospective buyer.
D) Tara must disclose agency options before meeting a
prospective buyer in person. - ANSWERS-B) Tara must disclose
agency options at first substantial contact.
,Derrin hires Austin with Best Homes Realty to list his home for
sale. As Austin is completing the listing agreement, Derrin
mentions that the hot water heater has not worked for a
couple of weeks and is not planning on repairing it since he is
selling the home. Derrin tells Austin that he cannot share that
information with anyone as it might affect the sale of the
home. What is the BEST course of action for Austin at this time?
A) If Austin shares the information regarding the hot water
heater, he will be in violation of his fiduciary duties, and Derrin
can sue him for disclosing confidential information.
B) Austin can share the information with people at Best Homes
Realty but cannot share it with any firm representing a buyer.
C) Austin must disclose that the hot water heater is not working
because it is a material fact.
D) Austin must obey the seller. Austin and Best Homes Realty
owe fiduciary duties to their clien - ANSWERS-C) Austin must
disclose that the hot water heater is not working because it is a
material fact.
An agent's duties to third parties include all the following
EXCEPT
A) fairness.
,B) obedience.
C) disclosure of material fact.
D) honesty. - ANSWERS-B) obedience.
Armin, a broker affiliated with Best Homes Realty, listed a
property for sale and conducted an open house. Courtney
visited the open house and decided to make an offer. The seller
had completed the Residential Property and Owners'
Association Disclosure Statement (RPOADS) indicating all
defects the seller knows that exist about the property. In this
situation, which of the following statements is TRUE?
A) Courtney needs to be advised to still conduct a full home
inspection.
B) Since the seller disclosed all known material facts, they have
complied with the Doctrine of Caveat Emptor and Courtney
does not need to complete a full home inspection.
C) Since the seller disclosed all known material facts that they
were aware of, Courtney does not need to complete a full
home inspection.
D) Armin can assure Courtney that the seller has disclosed all
material facts and she does not need to get her own home
, inspection. - ANSWERS-A) Courtney needs to be advised to still
conduct a full home inspection.
A buyer and a seller are negotiating the terms of a possible
contract. The seller counteroffers to the buyer, and the buyer
wants to think about it overnight. The next day the buyer calls
the selling agent and says they would like to accept the seller's
counteroffer. Before verifying that the buyer had actually
signed the counteroffer, the selling agent calls the listing agent
to say the buyer had accepted the seller's counteroffer. The
seller then goes on to purchase another house based on the
buyer's "acceptance" of their counteroffer. When the selling
agent goes to pick up the signed paperwork from the buyer, the
buyer states they never signed the counteroffer and do not
want to buy the seller's home. Which of the following
statements is correct?
A) The selling agent is not responsible for the
misrepresentation.
B) Both the buyer and the selling agent are responsible for the
misrepresentation.
C) Neither the buyer - ANSWERS-D) The selling agent is
responsible for the misrepresentation.
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