301- NC Post Licensing Questions with
100% Correct & Verified Answers
, 301- NC Post Licensing Questions with
100% Correct & Verified Answers
In a net listing money above the asking price is paid to whom? - Answer ✓✓Listing
Agent
In Qualifying Ratios what is included in the Back End? - Answer ✓✓Everything from
the front end + Recurring Debt Payments
In Qualifying Ratios what is included in the Front End? - Answer ✓✓Principle payment,
Interest, Taxes Insurance, PMI & HOA
Is a broker with multiple buyers considered a dual agent? - Answer ✓✓No, A dual
agent represents both principles in a single transaction
Is a CMA mandatory when listing a property? - Answer ✓✓Yes. It is an agent's duty to
perform a CMA for Seller
A CMA is not a representation of Value but is a? - Answer ✓✓Representation of a
range of suggested selling price
A listing agreement is said to be what, if the principle dies during the agreement? -
Answer ✓✓Automatically Terminated
On a CMA all adjustments are made to which property? Subject or Comparable? -
Answer ✓✓Always to the comparable
Oral to Oral & Written to Written describe what? - Answer ✓✓The permissions needed
to show a property as a "Dual Agent"
The provision in a listing agreement that may obligate seller to pay a commission after
the agreement has expired is called? - Answer ✓✓Override Clause or Extender Clause
All Agency Agreements must include what disclaimer? - Answer ✓✓Fair Housing
Disclaimer
All Oral Agency Agreements are...? - Answer ✓✓Non-Exclusive
When must all agency be "Written" - Answer ✓✓Prior to first offer
When should WWREA be explained / signed? - Answer ✓✓At first substantial contact
100% Correct & Verified Answers
, 301- NC Post Licensing Questions with
100% Correct & Verified Answers
In a net listing money above the asking price is paid to whom? - Answer ✓✓Listing
Agent
In Qualifying Ratios what is included in the Back End? - Answer ✓✓Everything from
the front end + Recurring Debt Payments
In Qualifying Ratios what is included in the Front End? - Answer ✓✓Principle payment,
Interest, Taxes Insurance, PMI & HOA
Is a broker with multiple buyers considered a dual agent? - Answer ✓✓No, A dual
agent represents both principles in a single transaction
Is a CMA mandatory when listing a property? - Answer ✓✓Yes. It is an agent's duty to
perform a CMA for Seller
A CMA is not a representation of Value but is a? - Answer ✓✓Representation of a
range of suggested selling price
A listing agreement is said to be what, if the principle dies during the agreement? -
Answer ✓✓Automatically Terminated
On a CMA all adjustments are made to which property? Subject or Comparable? -
Answer ✓✓Always to the comparable
Oral to Oral & Written to Written describe what? - Answer ✓✓The permissions needed
to show a property as a "Dual Agent"
The provision in a listing agreement that may obligate seller to pay a commission after
the agreement has expired is called? - Answer ✓✓Override Clause or Extender Clause
All Agency Agreements must include what disclaimer? - Answer ✓✓Fair Housing
Disclaimer
All Oral Agency Agreements are...? - Answer ✓✓Non-Exclusive
When must all agency be "Written" - Answer ✓✓Prior to first offer
When should WWREA be explained / signed? - Answer ✓✓At first substantial contact
