301- NC Post Licensing Questions and Answers Already Passed
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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
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