301 NC POST LICENSING EXAM NEWST EXAM |
COMPLETE QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED ANSWERS |
LATEST VERSION
Terms in this set (303)
QUESTIONS ANSWERS
An agent's duties to third B) obedience.
parties include all the
following EXCEPT
A) fairness.
B) obedience.
C) disclosure of material
fact.
D) honesty.
1/103
,Derrin hires Austin with C) Austin must disclose that the hot water heater is not
Best Homes Realty to list working because it is a material fact.
his home for sale. As
Austin is completing the
listing agreement, Derrin
mentions that the hot
water heater has not
worked for a couple of
weeks and is not planning
on repairing it since he is
selling the home. Derrin
tells Austin that he cannot
share that information with
anyone as it might affect
the sale of the home. What
is the BEST course of
action for Austin at this
time?
A) If Austin shares the
information regarding the
hot water heater, he will
be in violation of his
fiduciary duties, and
Derrin can sue him for
disclosing confidential
information.
B) Austin can share the
information with people at
Best Homes Realty but
cannot share it with any
firm representing a buyer.
C) Austin must disclose
that the hot water heater is
not working because it is a
material fact.
D) Austin must obey the
seller. Austin and Best
2/103
,client
3/103
, Armin, a broker affiliated A) Courtney needs to be advised to still conduct a full
with Best Homes Realty, home inspection.
listed a property for sale
and conducted an open
house. Courtney visited
the open house and
decided to make an offer.
The seller had completed
the Residential Property
and Owners' Association
Disclosure Statement
(RPOADS) indicating all
defects the seller knows
that exist about the
property. In this situation,
which of the following
statements is TRUE?
A) Courtney needs to be
advised to still conduct a
full home inspection.
B) Since the seller
disclosed all known
material facts, they have
complied with the
Doctrine of Caveat
Emptor and Courtney
does not need to
complete a full home
inspection.
C) Since the seller
disclosed all known
material facts that they
were aware of, Courtney
does not need to
complete a full home
inspection.
D) Armin can assure
4/103
COMPLETE QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED ANSWERS |
LATEST VERSION
Terms in this set (303)
QUESTIONS ANSWERS
An agent's duties to third B) obedience.
parties include all the
following EXCEPT
A) fairness.
B) obedience.
C) disclosure of material
fact.
D) honesty.
1/103
,Derrin hires Austin with C) Austin must disclose that the hot water heater is not
Best Homes Realty to list working because it is a material fact.
his home for sale. As
Austin is completing the
listing agreement, Derrin
mentions that the hot
water heater has not
worked for a couple of
weeks and is not planning
on repairing it since he is
selling the home. Derrin
tells Austin that he cannot
share that information with
anyone as it might affect
the sale of the home. What
is the BEST course of
action for Austin at this
time?
A) If Austin shares the
information regarding the
hot water heater, he will
be in violation of his
fiduciary duties, and
Derrin can sue him for
disclosing confidential
information.
B) Austin can share the
information with people at
Best Homes Realty but
cannot share it with any
firm representing a buyer.
C) Austin must disclose
that the hot water heater is
not working because it is a
material fact.
D) Austin must obey the
seller. Austin and Best
2/103
,client
3/103
, Armin, a broker affiliated A) Courtney needs to be advised to still conduct a full
with Best Homes Realty, home inspection.
listed a property for sale
and conducted an open
house. Courtney visited
the open house and
decided to make an offer.
The seller had completed
the Residential Property
and Owners' Association
Disclosure Statement
(RPOADS) indicating all
defects the seller knows
that exist about the
property. In this situation,
which of the following
statements is TRUE?
A) Courtney needs to be
advised to still conduct a
full home inspection.
B) Since the seller
disclosed all known
material facts, they have
complied with the
Doctrine of Caveat
Emptor and Courtney
does not need to
complete a full home
inspection.
C) Since the seller
disclosed all known
material facts that they
were aware of, Courtney
does not need to
complete a full home
inspection.
D) Armin can assure
4/103
