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NC 30-HOUR POST LICENSING COURSE 301 QUESTIONS
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NC 30-HOUR POST LICENSING COURSE 301 QUESTIONS
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NC 30-HOUR POST LICENSING COURSE 301QUESTIONS
When does confidentiality end for a client? - Answers- Never, unless you have a duty to
disclose to a new client. (e.g., You represented a buyer client three years ago. You just
signed a new seller client who knows your former buyer client and asks you how the
buyer was able to pay cash for their property. Even though you know that the buyer
came into a large inheritance, you do not disclose this to your new client.)
Self Dealing - Answers- Occurs when a broker has an undisclosed interest in a property
North Carolina's Unfair and Deceptive Trade Practices Act - Answers- Prohibits unfair
or deceptive practices in commerce. (I.e giving misleading opinions or false
inducements, failing to disclose material facts, using misleading advertising, making
misrepresentations.)
.When you use a comparative market analysis to calculate a suggested listing price
range for a particular property, which of the following actions will you take?
A.Adjust prices from all properties listed or sold within a one-mile radius of the subject
property.
B.Calculate a price range based on data from expired listings and pending sales.
C.Use adjusted prices from comparables and refine a range using active listings,
expired listings, and possibly pending listings.
D.Use adjusted prices from comparables and refine a range using active listings,
expired listings, and possibly pending listings. - Answers- C. Use adjusted prices from
comparables and refine a range using active listings, expired listings, and possibly
pending listings.
Trinity represents a buyer who is interested in one of Trinity's new listings. Which of
these statements about dual agency consent is correct?
A. Only the seller's consent must be in writing throughout the transaction.
B. The buyer's verbal consent is adequate until an offer to the seller is accepted.
C. Trinity must obtain written dual agency consent from both parties before presenting
an offer from the buyer to the seller.
D. Trinity must obtain written dual agency consent from both parties before showing the
house to this buyer. - Answers- C. Trinity must obtain written dual agency consent from
both parties before presenting an offer from the buyer to the seller.
Which one of the following is an example of a North Carolina seller's agent carrying out
the duty of loyalty?
A. Harry ensures his clients know about any potential issues that might interfere with a
smooth transaction, including any possible conflicts of interest Harry might have.
, B. Jared receives an offer from a buyer and makes some reasonable inquiries into that
buyer's financial readiness.
C. Lindsay advises her client against reducing the sale price on the listing, but then
processes the discount as her client requested.
D. Sandra refuses to share information about her client's motivation to sell with the
buyer's agent, even when asked. - Answers- C. Lindsay advises her client against
reducing the sale price on the listing, but then processes the discount as her client
requested.
Which one of the following statements is NOT an example of a North Carolina buyer
agent carrying out the duty of obedience?
A. Brian doesn't think that his buyer client should submit an offer that high, but after
advising him, he submits the offer that his client wants.
B. Carl's client Gerard wants to buy a house and be settled quickly, so Carl seeks out
listings that include the terms "motivated seller."
C. Theo lines up a showing of a home that has all the items on his buyer's wish list,
even though the commission split is far less than he normally sees.
D. Trevor schedules an open house for his seller clients for the following Saturday over
his clients' protests, because he knows that Saturday open houses are well-attended. -
Answers- D. Trevor schedules an open house for his seller clients for the following
Saturday over his clients' protests, because he knows that Saturday open houses are
well-attended.
You're holding an open house for your seller, and a prospective buyer walks in. The
buyer begins asking you about the property's value in relation to others for sale. You
offer to show the other properties to the buyer. What agency violation, if any, have you
committed?
A. Failed to demonstrate undivided loyalty to the seller, acted as an undisclosed dual
agent, and did not disclose agency relationship
B. Failed to disclose an agency relationship
C. Neglected the duty of single-marketing
D. None - Answers- A. Failed to demonstrate undivided loyalty to the seller, acted as an
undisclosed dual agent, and did not disclose agency relationship
Which of the following statements includes one or more common errors that agents in
North Carolina make when filling out purchase offers?
A. "Buyer asks that all repairs are completed by June 10."
B. "Buyer requests an inspection be completed around July 15."
C. "Buyer requests that closing take place no later than November 3."
D. "Buyer requests that seller leaves dark brown leather sofa, currently in living room." -
Answers- B. "Buyer requests an inspection be competed around July 15."
Dates need to be as specific as possible
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