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301 NC Post licensing Study Questions.pdf 2024 Actual Questions with Verified Answers, 100% Guarantee Pass $12.49   Add to cart

Exam (elaborations)

301 NC Post licensing Study Questions.pdf 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

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  • Course
  • 301- NC Post Licensing
  • Institution
  • 301- NC Post Licensing

When must a seller's agent or subagent initially disclose agency status to a buyer? ANS before buyer and buyer's agent discuss motivation and financial information 2. seller's subagent ANS no written or oral buyer agency 3. OLDCAR ANS obedienceloyalty disclosure confidentiality accounting ...

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  • September 3, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 301- NC Post Licensing
  • 301- NC Post Licensing
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Post licensing 301 NC study questions.pdf file:///C:/Users/HP/Desktop/SSSSSSS/Post%20licensing%20301%




301 NC Post Licensing Study Questions


1. When must a seller's agent or subagent initially disclose agency status to a buyer?

ANS before buyer and buyer's agent discuss motivation and financial information

2. seller's subagent

ANS no written or oral buyer agency

3. OLDCAR

ANS obedienceloyalty

disclosure

confidentiality

accounting

reasonable care

4. In dual agency, the agent's duties are to being a facilitator

ANS reduced

5. What statement would require full disclosure of all financing terms in com-pliance with

TILA, Reg Z and RESPA

ANS any number amount triggers full disclosure 4.5% APR or $2000 down
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,Post licensing 301 NC study questions.pdf file:///C:/Users/HP/Desktop/SSSSSSS/Post%20licensing%20301%




6. A foreclosure is material fact and it must be .

ANS filed foreclosure;must be disclosed

7. If it is not , you shouldn't be talking about it.

ANS material fact

8. T/F AS-IS relieves seller from disclosing material fact

ANS F, AS-IS does notrelieve requirement to disclose material fact

9. name 10 material fact required disclosures

ANS stucco, radon, lead-based paint,filed foreclosure, zoning, flood plains, meth houses,

gravesites, pending highways,asbestos siding

10. names issues that are not material fact

ANS pending foreclosure, death or illness,murder or suicide, HIV or AIDS, haunted, aluminum

wiring

11. Who is responsible if known hidden defect is found AFTER closing?

ANS List-ing agent

12. Does filed foreclosure need to be disclosed?

ANS Yes, it is a material fact

13. In dual agency, the loyalty of the firm is between the buyer and

seller?
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