Exam (elaborations)
GREC Post License Course Exam Questions and Answers (Latest Update 2025)
- Course
- Institution
GREC Post License Course Exam Questions and Answers (Latest Update 2025)
[Show more]
Content preview
GREC Post License Course ExamQuestions and Answers (Latest Update
2025)
The consequences of an undisclosed dual agency could include:
a. Disciplinary actions by the state regulatory agency that could
include suspension or revocation of the license.
b. Either the buyer or the seller could rescind the transaction.
c. A suit for damages by either or both of the clients.
d. All of the above. - Correct Answer ✅d. All of the above.
When showing several properties to some potential buyers, how
does the printed review sheet with the list of homes shown
benefit the buyers?
a. It helps them remember the key features of each house.
b. It allows them to make notes on the review sheet.
c. Both of the above.
d. None of the above. - Correct Answer ✅C. Both of the above
A buyer has made an offer on a seller's house. The offer gives the
buyer 10 days to have a licensed home inspection of the property
and to cancel the offer if the inspection reveals significant
,GREC Post License Course Exam
Questions and Answers (Latest Update
2025)
necessary repairs unknown to the buyer. This is an example of
a/an?
a. Contingency clause
b. Addendum clause
c. Assumption clause
d. Habendum clause - Correct Answer ✅A. Contingency Clause
What is the best strategy for dealing with advantages and
disadvantages of a particular home?
a. Always disclose both advantages and disadvantages prior to
showing the house.
b. Always disclose the advantages, but not the disadvantages,
prior to showing the house.
c. Always disclose the disadvantages, but not the advantages,
prior to showing the house.
,GREC Post License Course Exam
Questions and Answers (Latest Update
2025)
d. Never disclose either the advantages nor the disadvantages
prior to showing the house. - Correct Answer ✅C. Always
disclose the disadvantages, but not the advantages, prior to
showing the house.
When showing houses to a buyer, it is good practice to use each
of the following strategies, EXCEPT:
a. Act as more of a consultant than a salesperson
b. To give the buyers your opinion about the houses
c. To encourage the buyers to say what they don't like as much as
what they like?
d. Spend more time listening to the buyers than talking to the
buyers. - Correct Answer ✅B. To give the buyers your opinion
about the houses
When using the Purchase and Sale Agreement form prepared by
the GAR, the licensee may:
, GREC Post License Course Exam
Questions and Answers (Latest Update
2025)
a. Fill in the blanks in the contract
b. Make significant modifications to the contract by crossing out
paragraphs
c. Both of the above
d. None of the above - Correct Answer ✅a. Fill in the blanks in
the contract
What is a typical indication that a potential buyer has a fear of
making a decision?
a. The objections the buyer gives are very vague
b. The objections the buyer gives are quite specific
c. The buyer is more talkative than usual
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 Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now