301 NC Post-licensing Exam Questions with
100% Correct Answers | Latest Version
(2024/2025) Expert Verified
Aniagent'sidutiesitoithirdipartiesiincludeiallitheifollowingiEXCEPT
A)ifairness.
B)iobedience.
C)idisclosureiofimaterialifact.
D)ihonesty.i-iCorrectiAnswer-B)iobedience.
DerrinihiresiAustiniwithiBestiHomesiRealtyitoilistihisihomeiforisale.iAsiAu
stiniisicompletingitheilistingiagreement,iDerrinimentionsithatitheihotiwa
teriheaterihasinotiworkediforiaicoupleiofiweeksiandiisinotiplanningionire
pairingiitisinceiheiisisellingitheihome.iDerrinitellsiAustinithatiheicannotis
hareithatiinformationiwithianyoneiasiitimightiaffectitheisaleiofitheihome
.iWhatiisitheiBESTicourseiofiactioniforiAustiniatithisitime?
A)iIfiAustinisharesitheiinformationiregardingitheihotiwateriheater,iheiwil
libeiiniviolationiofihisifiduciaryiduties,iandiDerrinicanisueihimiforidisclosi
ngiconfidentialiinformation.
B)iAustinicanishareitheiinformationiwithipeopleiatiBestiHomesiRealtyibu
ticannotishareiitiwithianyifirmirepresentingiaibuyer.
C)iAustinimustidiscloseithatitheihotiwateriheateriisinotiworkingibecausei
itiisiaimaterialifact.
D)iAustinimustiobeyitheiseller.iAustiniandiBestiHomesiRealtyioweifiduci
aryidutiesitoitheiriclieni-iCorrectiAnswer-
,C)iAustinimustidiscloseithatitheihotiwateriheateriisinotiworkingibecausei
itiisiaimaterialifact.
Armin,iaibrokeriaffiliatediwithiBestiHomesiRealty,ilistediaipropertyiforis
aleiandiconductedianiopenihouse.iCourtneyivisiteditheiopenihouseiandi
decideditoimakeianioffer.iTheisellerihadicompleteditheiResidentialiProp
ertyiandiOwners'iAssociationiDisclosureiStatementi(RPOADS)iindicating
iallidefectsitheiselleriknowsithatiexistiaboutitheiproperty.iInithisisituatio
n,iwhichiofitheifollowingistatementsiisiTRUE?
A)iCourtneyineedsitoibeiadviseditoistilliconductiaifullihomeiinspection.
B)iSinceitheiselleridisclosedialliknownimaterialifacts,itheyihaveicompliedi
withitheiDoctrineiofiCaveatiEmptoriandiCourtneyidoesinotineeditoicomp
leteiaifullihomeiinspection.
C)iSinceitheiselleridisclosedialliknownimaterialifactsithatitheyiwereiawar
eiof,iCourtneyidoesinotineeditoicompleteiaifullihomeiinspection.
D)iArminicaniassureiCourtneyithatitheisellerihasidisclosediallimaterialifa
ctsiandisheidoesinotineeditoigetiheriownihomeiinspection.i-
iCorrectiAnswer-
A)iCourtneyineedsitoibeiadviseditoistilliconductiaifullihomeiinspection.
Aibuyeriandiaiselleriareinegotiatingitheitermsiofiaipossibleicontract.iThei
sellericounteroffersitoitheibuyer,ianditheibuyeriwantsitoithinkiaboutiitio
vernight.iTheinextidayitheibuyericallsitheisellingiagentiandisaysitheyiwou
ldilikeitoiacceptitheiseller'sicounteroffer.iBeforeiverifyingithatitheibuyeri
hadiactuallyisigneditheicounteroffer,itheisellingiagenticallsitheilistingiag
entitoisayitheibuyerihadiaccepteditheiseller'sicounteroffer.iTheisellerithe
nigoesionitoipurchaseianotherihouseibasedionitheibuyer'si"acceptance"i
,ofitheiricounteroffer.iWhenitheisellingiagentigoesitoipickiupitheisignedip
aperworkifromitheibuyer,itheibuyeristatesitheyineverisigneditheicounte
rofferiandidoinotiwantitoibuyitheiseller'sihome.iWhichiofitheifollowingist
atementsiisicorrect?
A)iTheisellingiagentiisinotiresponsibleiforitheimisrepresentation.
B)iBothitheibuyerianditheisellingiagentiareiresponsibleiforitheimisrepres
entation.
C)iNeitheritheibuyeri-iCorrectiAnswer-
D)iTheisellingiagentiisiresponsibleiforitheimisrepresentation.
Theirealiestateibroker'sifiduciaryiresponsibilityitoikeepitheiprincipaliinfo
rmediofiallifacts,iincludingipropertyiconditioniandiissuesithatiaffectiaisell
er'siwillingnessitoiselliandiaibuyer'siwillingnessitoibuy,iisitheidutyiof
A)ireasonableiskill,icare,iandidiligence.
B)idisclosure.
C)iobedience.
D)iaccounting.i-iCorrectiAnswer-B)idisclosure.
Theidutiesiowedifromithei"agent"itoithei"principal"iareiBESTidescribedib
yiwhichiofitheifollowing?
A)iObedience,iloyalty,iaccounting,iandireasonableicare
B)iFairnessiandihonesty
C)iFairness,ihonest,iobedience,iloyalty,iaccounting,ireasonableiskill,iandi
care
, D)iObedience,iloyalty,idisclosure,iconfidentiality,iaccounting,ireasonabl
eiskill,icare,iandidiligencei-iCorrectiAnswer-
D)iObedience,iloyalty,idisclosure,iconfidentiality,iaccounting,ireasonabl
eiskill,icare,iandidiligence
WhichiofitheifollowingiBESTidescribesisubagent?
A)iLiterallyitheiagentiofianiagent,iaipersonidesignatedioriemployedibyiani
agentitoiperformiallioripartiofitheiagent'siassigneditasksioriservicesionibe
halfiofitheiagent'siprincipal
B)iTheipersoniwhoiauthorizesianotheritoiactionitheiprincipal'sibehalfiwit
hinispecifiediparametersianditoiwhomitheiagentiowesicertainilegalidutie
s
C)iTheipersoniactingiforiandionibehalfiofitheiprincipaliwithinitheiboundsi
ofitheiauthorityigrantediandiwhoiowesifiduciaryidutiesitoitheiprincipal
D)iTheirelationshipithatiexistsiwhenioneipersoniisiauthorizeditoiactiforia
ndionibehalfiofianotheri-iCorrectiAnswer-
A)iLiterallyitheiagentiofianiagent,iaipersonidesignatedioriemployedibyiani
agentitoiperformiallioripartiofitheiagent'siassigneditasksioriservicesionibe
halfiofitheiagent'siprincipal
WhichiofitheifollowingistatementsiisiTRUEiregardingiagencyiagreements
?
A)iListingiagreements,ipropertyimanagementiagreements,ibuyeriagenc
yiagreements,ianditenantirepresentationiagreementsicaniallibeiexpressi
oraliagreementsiforiaiperiodiofitime.
B)iListingiagreementsiandipropertyimanagementiagreementsimustibeie
xpressiwritteniagreementsifromitheibeginningiofitheirelationshipiandib
