Pan Post Licensing 301 questions Questions And Answers
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Course
Post licensing 301
Institution
Post Licensing 301
Pan Post Licensing 301 questions Questions
And Answers
When an agency agreement terminates the broker is no longer obligated to keep the
clients information confidential if they are involved in a transaction where they represent the
seller.
When a brokers holding open house there is no oblig...
Pan Post Licensing 301 questions Questions
And Answers
When an agency agreement terminates the broker is no longer obligated to keep the
clients information confidential if they are involved in a transaction where they represent the
seller.
When a brokers holding open house there is no obligation to disclose the Working with Real
Estate Agents Brochure unless the conversation shifts from facts about the property to
personal / confidential information.
When a buyer is requesting an individual showing this is considered first substantial
contact and therefore the broker must disclose the Working with Real Estate Agents Brochure
and determine the type of agency that will be practiced.
WWREA brochure Even if the agent has created videos on his/her website that explains
the brochure, a copy must be provided and the agent must have a meaningful conversation to
ensure that the client/customer understands.
Items that are always material facts a party not being able to perform, meth lab, leaking
polybutylene pipes, or a defect that the broker is aware of
, Pan Post Licensing 301 questions Questions
And Answers
If seller is having financial problems is not a material fact unless it is possible that they
will not be able to close. The listing broker must keep that information confidential (conceal it) ,
unless pre-foreclosure notice has been received which makes it a material fact.
A broker must disclose material facts to all parties to the transaction
Misrepresentation vs omission will depend if something is said orally or in writing
A prospective purchaser asks the showing broker, a subagent of the seller, whether the seller
would accept $5,000 less than the asking price. The broker thinks that the seller would accept
$7,000 less than the asking price. How should the broker respond? I don't know. you will
have to submit an offer
A broker owes a client OLD CAR obedience
loyalty
disclosure
confidentiality
, Pan Post Licensing 301 questions Questions
And Answers
accounting and
reasonable skill, care and diligence.
Which of the following would NOT be considered a material fact that must be disclosed to
potential buyers? A person committed suicide in the house
North Carolina is a caveat emptor state means let the buyer beware. The buyer alone is
responsible for checking everything is ok
What are the items that the seller is required to disclose to a buyer lead-based paint
synthetic stucco (EIFS)
leaking polybutylene
flood hazard
meth lab contamination
Mineral Oil and Gas Disclosure.
The duty to disclose falls upon the agent because The agent is responsible to disclose what
they know or reasonably should have known about the property
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