Post licensing 301 NC study questions Questions And Answers
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Course
Post licensing 301
Institution
Post Licensing 301
Post licensing 301 NC study questions
Questions And Answers
What statement would require full disclosure of all financing terms in compliance with TILA,
Reg Z and RESPA any number amount triggers full disclosure:
4.5% APR or $2000 down
A _____foreclosure is material fact and it must be______....
names issues that are not material fact pending foreclosure, death or illness, murder or
suicide, HIV or AIDS, haunted, aluminum wiring
, Post licensing 301 NC study questions
Questions And Answers
Who is responsible if known hidden defect is found AFTER closing? Listing agent
Does filed foreclosure need to be disclosed? Yes, it is a material fact
In dual agency, the loyalty of the firm is ______between the buyer and seller? divided
equally
In dual agency between clients, the agent's role is _______ to the contractual benefits of the
contract and the agent becomes a _______. reduced; facilitator
BIB and PB are doing a deal together, can BIC and PB work as designated agents? No,
they must work as a dual agent
when must an agent disclose dual agency in a transaction? before presentation of the 1st
offer
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