Exam (elaborations)

NC Post Licensing 301 Practice Exam Actual Questions with Verified Answers, 100% Guarantee Pass

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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 ...

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Uploaded on September 3, 2024
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Type Exam (elaborations)
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post
licensing
nc post licensing 301 exam
301 north carolina post licensing
nc post licensing 301 practice exam 1 88 100

Institution 301- North Carolina Post Licensing
Course 301- North Carolina Post Licensing

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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?

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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

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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

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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.

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