301 post licensing - Study guides, Class notes & Summaries
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NCREL Post Licensing 301 Broker Relationships and Responsibilities | Questions with 100% Correct Answers | Verified | Latest Update 2024
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NCREL Post Licensing 301 Broker Relationships and 
Responsibilities | Questions with 100% Correct 
Answers | Verified | Latest Update 2024 
A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - 
- Before buyer and agent discuss motivation or financial information. 
What fiduciary duties are owed to principals? - - Obey, Loyalty, Disclosure, Confidentiality, 
Accounting, & Reasonable care 
(OLD CAR) 
As a dual agent, my fiduciary responsibilities a...
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NC Post Licensing 301 Practice Exam 1 questions and answers latest 2024
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NC Post Licensing 301 Practice Exam 1 questions and answers latest 2024
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Post Licensing 301 North Carolina Study Questions | 100% Correct Answers | Verified | Latest Update 2024
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When must a seller's agent or subagent initially disclose agency status to a buyer? - before buyer and 
buyer's agent discuss motivation and financial information 
seller's subagent - no written or oral buyer agency 
OLDCAR - obedience 
loyalty 
disclosure 
confidentiality 
accounting 
reasonable care 
In dual agency, the agent's duties are _____ to being a facilitator - reduced 
What statement would require full disclosure of all financing terms in compliance with TILA, Reg Z and 
RESPA - a...
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NC Post Licensing 301 Practice Exam 1 88/100
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NC Post Licensing 301 Practice Exam 1 88/100
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NCREL Post Licensing 301 Broker Relationships and Responsibilities | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 4 pages • 2024
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A seller's agent or sub-agent must initially disclose her agent status to a prospective buyer when? - 
Before buyer and agent discuss motivation or financial information. 
What fiduciary duties are owed to principals? - Obey, Loyalty, Disclosure, Confidentiality, Accounting, 
& Reasonable care 
(OLD CAR) 
As a dual agent, my fiduciary responsibilities are reduced to the buyer and seller under what agency? - 
Dual Agency - agent cannot advise or council 
Material facts which must be disclosed - ...
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NC Post Licensing 301 Practice Exam 1 88/100 Correct 100%
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1/50 Under which of the following circumstances would the client and agent most likely mutually agree to terminate a listing? 
a A buyer approached the seller with a much higher offer than the current listing price. 
b The agent and client don't agree on the best way to price, maintain, and market the property. 
c The client has found a buyer and wants to avoid paying a commission. 
d The client's cousin just became licensed and needs her first listing. - ANSWER b The agent and client don't a...
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301 Post Licensing Exam Questions With 100% Correct Answers.
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301 Post Licensing Exam Questions 
With 100% Correct Answers. 
What are the basic duties that an agent owes a principal under Agency Law? - 
answerOLDCAR or LOADS - 
loyalty/confidentiality, obedience, accounting, disclosure, skill, care and diligence. 
What is the definition of a fiduciary relationship? - answerA person who acts for another in a 
relationship of trust and 
who is obligated to act in the other's best interests, placing the other's interests before any self- 
interest. 
Does vi...
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NC Post Licensing 301 Practice Exam Latest Update 2024 Version Questions and Verified Correct Answers Already Passed
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NC Post Licensing 301 Practice Exam Latest Update 2024 Version Questions and Verified Correct Answers Already Passed
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301 Post Licensing Questions and Verified Correct Answers | Grade A+
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What are the basic duties that an agent owes a principal under Agency Law? 
Ans: OLDCAR or LOADS - 
loyalty/confidentiality, obedience, accounting, disclosure, skill, care and diligence. 
What is the definition of a fiduciary relationship? 
Ans: A person who acts for another in a relationship of trust and 
who is obligated to act in the other's best interests, placing the other's interests before any 
self-interest. 
Does violating Agency Law also violate Real Estate License Law? 
Ans: Yes 
W...
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301 NC POST LICENSING EXAM 2024 | CURRENTLY TESTING EXAM VERSION WITH A PREDICTED EXAM VERSION AND A STUDY GUIDE | ACCURATE AND EXPERT VERIFIED FOR GUARANTEED PASS | LATEST UPDATE
- Exam (elaborations) • 71 pages • 2024
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301 NC POST LICENSING EXAM 2024 | CURRENTLY TESTING 
EXAM VERSION WITH A PREDICTED EXAM VERSION AND A 
STUDY GUIDE | ACCURATE AND EXPERT VERIFIED FOR 
GUARANTEED PASS | LATEST UPDATE
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