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301- NC Post Licensing Questions and Answers Already Passed CA$14.43   Add to cart
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301- NC Post Licensing Questions and Answers Already Passed
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301- NC Post Licensing Questions and Answers Already Passed What is the primary purpose of a listing agreement in real estate? To grant the real estate agent the authority to market and sell the property on behalf of the seller. How should a broker handle a situation where a client want...

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  • September 6, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • 301 nc post licensing questions and answers alre

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  • 301- NC Post Licensing
  • 301- NC Post Licensing

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301- NC Post Licensing Questions and
Answers Already Passed
What is the primary purpose of a listing agreement in real estate?


✔✔ To grant the real estate agent the authority to market and sell the property on behalf of the

seller.




How should a broker handle a situation where a client wants to cancel a listing agreement?


✔✔ Review the terms of the agreement and follow the cancellation procedures outlined in the

contract.




What must a real estate agent provide to the buyer at the time of making an offer on a property?


✔✔ The buyer must be provided with a copy of the offer once it is submitted.




What is the role of a broker in ensuring compliance with fair housing laws?


✔✔ The broker must ensure that all real estate practices are non-discriminatory and comply with

fair housing regulations.




What is typically included in a property management agreement?


1

, ✔✔ Details about the responsibilities of the property manager, management fees, and terms of

service.




What is the purpose of an escrow account during a real estate transaction?


✔✔ To hold funds such as earnest money until the closing of the transaction.




How does a comparative market analysis (CMA) help in pricing a property?


✔✔ A CMA helps determine a property’s market value by comparing it to similar properties

recently sold in the area.




What should be done if there is a dispute over a real estate commission?


✔✔ Review the terms of the listing agreement and seek resolution through negotiation or

mediation if necessary.




What are the broker’s responsibilities during the closing process?


✔✔ Ensure all documents are correctly completed, funds are properly handled, and the

transaction is recorded with the appropriate authorities.




What should a real estate agent disclose to a buyer regarding the condition of a property?

2

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