NC Post Licensing 301 Practice Exam Actual Questions with Verified Answers, 100% Guarantee Pass
0 view 0 purchase
Course
301- North Carolina Post Licensing
Institution
301- North Carolina Post Licensing
NC Post Licensing 301 Practice Exam Actual Questions with Verified Answers, 100% Guarantee Pass 1/50 Under which of the following circumstances would the client and agent most likely
mutually agree to terminate a listing?
a A buyer approached the seller with a much higher offer than the current ...
NC Post Licensing 301 Practice Exam 1 88-100.pdf file:///C:/Users/HP/Desktop/SSSSSSS/NC%20Post%20Licensing%2
NC Post Licensing 301 Practice Exam 1 88/100
1. 1/50 Under which of the following circumstances would the client and agent most likely
mutually agree to terminate a listing?
a A buyer approached the seller with a much higher offer than the current listing price.
b The agent and client don't agree on the best way to price, maintain, and market the
property.
c The client has found a buyer and wants to avoid paying a commission.
d The client's cousin just became licensed and needs her first listing.
Answer b The agent and client don't agree on the best way to price, maintain, and market the
property.
2. 2/50 Tabitha listed her property for sale, but it's been on the market for several
months with no offers. She decides to terminate her listing agreement and rent the
property out instead of selling it. Assuming that her listing agent has fulfilled all of his
responsibilities under the contract, canTabitha terminate the contract before its expiration
date?
1 of 34 8/30/2024, 3:30
,NC Post Licensing 301 Practice Exam 1 88-100.pdf file:///C:/Users/HP/Desktop/SSSSSSS/NC%20Post%20Licensing%2
a Only if she and the listing agent mutually agree to terminate the agreement.
b Only if she succeeds in converting it to a rental.
cYes because she's received no offers on the listing.
dYes, she is entitled to terminate at any time.
Answer a Only if she and the listing agent mutually agree to terminate the agreement.
3. 3/50 As a North Carolina property manager, which of the following is Luisa required to
do?
a Act as the landlord's representative in all matters, including legal counsel.
b Advocate for the tenants' interests above all others.
c Avoid performing any actions that would constitute a landlord's duties.
d Perform the duties of a landlord, as laid out in statute and the lease.
Answer Perform the duties of a landlord, as laid out in statute and the lease.
4. 4/50 It's January, and the pool at Roger's listing has been prepped for winter for
several weeks. The homeowner assures Roger that it's in good working order. Roger has
no reason to disbelieve the homeowner, so he tells prospective buyers that the pool is fine.
The property sells, spring comes, and the new owners call to complain that the pump
2 of 34 8/30/2024, 3:30
,NC Post Licensing 301 Practice Exam 1 88-100.pdf file:///C:/Users/HP/Desktop/SSSSSSS/NC%20Post%20Licensing%2
doesn't work, and the pool drain appears to be clogged. What did Roger commit?
a Fraud
b Negligent misrepresentation
c Roger did not commit a violation
d Unintentional misrepresentation
Answer d Unintentional misrepresentation
3 of 34 8/30/2024, 3:30
,NC Post Licensing 301 Practice Exam 1 88-100.pdf file:///C:/Users/HP/Desktop/SSSSSSS/NC%20Post%20Licensing%2
5. 5/50 occurs when one licensee represents both the buyer and seller in the
same transaction without proper disclosure and consent.
a A breach of contract
b A conflict of interest Wrong
c Disclosed dual agency
d Undisclosed dual agency
Answer d Undisclosed dual agency
6. 6/10 Which of the following is a true statement about an MLS and sellers? a An MLS is
available via a fee-based subscription and is an option that most sellers prefer.
b An MLS is exclusive to members of the National Association of REALTORS.
c For most sellers, marketing on an MLS is not cost effective.
d Sellers are required to market their properties on an MLS if they're working with a real
estate licensee.
Answer a An MLS is available via a fee-based subscription and is an option that most sellers
prefer.
4 of 34 8/30/2024, 3:30
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TIPSCORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
