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301- NC Post Licensing Questions with 100% Correct & Verified Answers $10.99   Add to cart

Exam (elaborations)

301- NC Post Licensing Questions with 100% Correct & Verified Answers

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301- NC Post Licensing Questions with 100% Correct & Verified Answers 301- NC Post Licensing Questions with 100% Correct & Verified Answers In a net listing money above the asking price is paid to whom? - Answer Listing Agent In Qualifying Ratios what is included in the Back En...

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  • September 12, 2024
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  • 301- NC Post licensing
  • 301- NC Post licensing
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301- NC Post Licensing Questions with
100% Correct & Verified Answers

, 301- NC Post Licensing Questions with
100% Correct & Verified Answers
In a net listing money above the asking price is paid to whom? - Answer ✓✓Listing
Agent

In Qualifying Ratios what is included in the Back End? - Answer ✓✓Everything from
the front end + Recurring Debt Payments

In Qualifying Ratios what is included in the Front End? - Answer ✓✓Principle payment,
Interest, Taxes Insurance, PMI & HOA

Is a broker with multiple buyers considered a dual agent? - Answer ✓✓No, A dual
agent represents both principles in a single transaction

Is a CMA mandatory when listing a property? - Answer ✓✓Yes. It is an agent's duty to
perform a CMA for Seller

A CMA is not a representation of Value but is a? - Answer ✓✓Representation of a
range of suggested selling price

A listing agreement is said to be what, if the principle dies during the agreement? -
Answer ✓✓Automatically Terminated

On a CMA all adjustments are made to which property? Subject or Comparable? -
Answer ✓✓Always to the comparable

Oral to Oral & Written to Written describe what? - Answer ✓✓The permissions needed
to show a property as a "Dual Agent"

The provision in a listing agreement that may obligate seller to pay a commission after
the agreement has expired is called? - Answer ✓✓Override Clause or Extender Clause

All Agency Agreements must include what disclaimer? - Answer ✓✓Fair Housing
Disclaimer

All Oral Agency Agreements are...? - Answer ✓✓Non-Exclusive

When must all agency be "Written" - Answer ✓✓Prior to first offer

When should WWREA be explained / signed? - Answer ✓✓At first substantial contact

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