301 post licensing - Study guides, Class notes & Summaries

301 NC POST LICENSING EXAM, PRACTICE EXAMS AND STUDY GUIDE EXAMS WITH ACTUAL CORRECT QUESTIONS AND ANSWERS (NEWEST) 2024 ALREADY GRADED A+

NC Post Licensing 301 Practice Exam Actual Questions with Verified Answers, 100% Guarantee Pass 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 ...

NC POST LICENSING 301 POST-LICENSING QUESTIONS AND ANSWERS

Post Licensing 301 Practice Exam 1 Questions and Answers Already Passed What is the primary purpose of a real estate listing agreement? A) To establish the terms of the sale B) To define the property boundaries C) To grant an exclusive right to sell the property D) To assess the value of the property C) To grant an exclusive right to sell the property Which document is used to disclose property conditions to potential buyers? A) Sales Contract B) Buyer’s Agent Agreement C) Prop...

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC ov...

NC Post Licensing 301 Practice Exam 1 88/100 Questions And Answers 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 license...

NC POST LICENSING 301 PRACTICE EXAM 1

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC ov...

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 - ...

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...