301- NC Post Licensing Questions and Answers Already Passed
6 views 0 purchase
Course
301- NC Post Licensing
Institution
301- NC Post Licensing
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...
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
