Exam (elaborations)
301 NC 30-Hour Post Licensing Exam Questions With 100% Correct Answers 2024
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301- North Carolina Post Licensing
Institution
301- North Carolina Post Licensing
301 NC 30-Hour Post Licensing Exam Questions With 100% Correct Answers
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self dealing
301 north carolina post licensing
when does confidentiality end for a client
north carolinas unfair and deceptive trade practi
when you use a comparative market analysis to cal
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11. Exam (elaborations) - 301 post licensing questions with 100% correct answers | verified | latest update
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301 NC 30-Hour Post Licensing Exam
Questions With 100% Correct Answers
Whenidoesiconfidentialityiendiforiaiclient?i-iCorrectiAnswer-
Never,iunlessiyouihaveiaidutyitoidiscloseitoiainewiclient.i(e.g.,iYouirepre
sentediaibuyericlientithreeiyearsiago.iYouijustisignediainewisellericlienti
whoiknowsiyouriformeribuyericlientiandiasksiyouihowitheibuyeriwasiabl
eitoipayicashiforitheiriproperty.iEvenithoughiyouiknowithatitheibuyerica
meiintoiailargeiinheritance,iyouidoinotidiscloseithisitoiyourinewiclient.)
SelfiDealingi-iCorrectiAnswer-
Occursiwheniaibrokerihasianiundisclosediinterestiiniaiproperty
NorthiCarolina'siUnfairiandiDeceptiveiTradeiPracticesiActi-
iCorrectiAnswer-
Prohibitsiunfairiorideceptiveipracticesiinicommerce.i(I.eigivingimisleadin
giopinionsiorifalseiinducements,ifailingitoidiscloseimaterialifacts,iusingi
misleadingiadvertising,imakingimisrepresentations.)
.Wheniyouiuseiaicomparativeimarketianalysisitoicalculateiaisuggestedilis
tingipriceirangeiforiaiparticulariproperty,iwhichiofitheifollowingiactionsi
williyouitake?
A.Adjustipricesifromiallipropertiesilistediorisoldiwithiniaione-
mileiradiusiofitheisubjectiproperty.
,B.Calculateiaipriceirangeibasedionidataifromiexpiredilistingsiandipendin
gisales.
C.Useiadjustedipricesifromicomparablesiandirefineiairangeiusingiactiveili
stings,iexpiredilistings,iandipossiblyipendingilistings.
D.Useiadjustedipricesifromicomparablesiandirefineiairangeiusingiactiveil
istings,iexpiredilistings,iandipossiblyipendingilistings.i-iCorrectiAnswer-
C.iUseiadjustedipricesifromicomparablesiandirefineiairangeiusingiactiveil
istings,iexpiredilistings,iandipossiblyipendingilistings.
TrinityirepresentsiaibuyeriwhoiisiinterestediinioneiofiTrinity'sinewilisting
s.iWhichiofitheseistatementsiaboutidualiagencyiconsentiisicorrect?
A.iOnlyitheiseller'siconsentimustibeiiniwritingithroughoutitheitransactio
n.
B.iTheibuyer'siverbaliconsentiisiadequateiuntilianiofferitoitheiselleriisiacc
epted.
C.iTrinityimustiobtainiwrittenidualiagencyiconsentifromibothipartiesibef
oreipresentingianiofferifromitheibuyeritoitheiseller.
D.iTrinityimustiobtainiwrittenidualiagencyiconsentifromibothipartiesibef
oreishowingitheihouseitoithisibuyer.i-iCorrectiAnswer-
C.iTrinityimustiobtainiwrittenidualiagencyiconsentifromibothipartiesibef
oreipresentingianiofferifromitheibuyeritoitheiseller.
WhichioneiofitheifollowingiisianiexampleiofiaiNorthiCarolinaiseller'siage
nticarryingioutitheidutyiofiloyalty?
, A.iHarryiensuresihisiclientsiknowiaboutianyipotentialiissuesithatimightiin
terfereiwithiaismoothitransaction,iincludingianyipossibleiconflictsiofiint
erestiHarryimightihave.
B.iJaredireceivesianiofferifromiaibuyeriandimakesisomeireasonableiinqui
riesiintoithatibuyer'sifinancialireadiness.
C.iLindsayiadvisesihericlientiagainstireducingitheisaleipriceionitheilisting,i
butitheniprocessesitheidiscountiasihericlientirequested.
D.iSandrairefusesitoishareiinformationiaboutihericlient'simotivationitois
elliwithitheibuyer'siagent,ieveniwheniasked.i-iCorrectiAnswer-
C.iLindsayiadvisesihericlientiagainstireducingitheisaleipriceionitheilisting,i
butitheniprocessesitheidiscountiasihericlientirequested.
WhichioneiofitheifollowingistatementsiisiNOTianiexampleiofiaiNorthiCar
olinaibuyeriagenticarryingioutitheidutyiofiobedience?
A.iBrianidoesn'tithinkithatihisibuyericlientishouldisubmitianiofferithatihig
h,ibutiafteriadvisingihim,iheisubmitsitheiofferithatihisiclientiwants.
B.iCarl'siclientiGerardiwantsitoibuyiaihouseiandibeisettlediquickly,isoiCarl
iseeksioutilistingsithatiincludeitheitermsi"motivatediseller."
C.iTheoilinesiupiaishowingiofiaihomeithatihasiallitheiitemsionihisibuyer'si
wishilist,ievenithoughitheicommissionisplitiisifarilessithaniheinormallyise
es.
D.iTrevorischedulesianiopenihouseiforihisisellericlientsiforitheifollowingiS
aturdayioverihisiclients'iprotests,ibecauseiheiknowsithatiSaturdayiopeni
housesiareiwell-attended.i-iCorrectiAnswer-
D.iTrevorischedulesianiopenihouseiforihisisellericlientsiforitheifollowingiS