Post Licensing 301 Exam Questions and
Answers 100% Pass | Rated A+
The definition of "material fact" includes all of the following EXCEPT: -
✔✔Information about what a buyer-client is willing to offer
Minimally, how many parties are there in an agency relationship and what
are they called under agency law? - ✔✔There must be at least two parties,
one is the agent and the other is the principal.
In any agency relationship, who serves whom and whose interests are
primary? - ✔✔The agent serves the principal whose interests are
paramount.
A misrepresentation: - ✔✔Is a false statement of fact, oral or written.
All of the following are true regarding the Doctrine of Caveat Emptor
EXCEPT: - ✔✔Brokers' obligations to discover and disclose are less,
because Caveat Emptor places the primary burden on the buyer to inspect
and investigate.
A broker at a listing presentation is explaining the services his company
offers and has not yet provided the Working with Real Estate Agents
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, brochure to the seller. Which of the following comments by the seller would
cross the boundary of first substantial contact? - ✔✔"What would you
recommend as a listing price?"
A person acting as a "fiduciary" holds a position of: - ✔✔Trust
The common law of agency: - ✔✔Is based on principles that arose in
England in the 1600s.
Who must disclose material facts and to whom? - ✔✔Only real estate
brokers must discover and disclose material facts to everyone.
Which of the following is a material fact? - ✔✔That the streets in the
neighborhood are privately maintained by the owners' association.
An agent's disclosure duties to their principal are limited to: - ✔✔Disclosing
any information the agent knows that may influence their principal's
decision.
Which of the following statements is FALSE? - ✔✔If the seller advertises
that the property is being sold "As Is," then the public is on notice and the
listing broker has no duty to discover and disclose any issues.
Seller hires listing company and on the property disclosure statement says
that the property is connected to city water and sewer. The seller knows
that she has city water and that city sewer is available, but she never
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
Answers 100% Pass | Rated A+
The definition of "material fact" includes all of the following EXCEPT: -
✔✔Information about what a buyer-client is willing to offer
Minimally, how many parties are there in an agency relationship and what
are they called under agency law? - ✔✔There must be at least two parties,
one is the agent and the other is the principal.
In any agency relationship, who serves whom and whose interests are
primary? - ✔✔The agent serves the principal whose interests are
paramount.
A misrepresentation: - ✔✔Is a false statement of fact, oral or written.
All of the following are true regarding the Doctrine of Caveat Emptor
EXCEPT: - ✔✔Brokers' obligations to discover and disclose are less,
because Caveat Emptor places the primary burden on the buyer to inspect
and investigate.
A broker at a listing presentation is explaining the services his company
offers and has not yet provided the Working with Real Estate Agents
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, brochure to the seller. Which of the following comments by the seller would
cross the boundary of first substantial contact? - ✔✔"What would you
recommend as a listing price?"
A person acting as a "fiduciary" holds a position of: - ✔✔Trust
The common law of agency: - ✔✔Is based on principles that arose in
England in the 1600s.
Who must disclose material facts and to whom? - ✔✔Only real estate
brokers must discover and disclose material facts to everyone.
Which of the following is a material fact? - ✔✔That the streets in the
neighborhood are privately maintained by the owners' association.
An agent's disclosure duties to their principal are limited to: - ✔✔Disclosing
any information the agent knows that may influence their principal's
decision.
Which of the following statements is FALSE? - ✔✔If the seller advertises
that the property is being sold "As Is," then the public is on notice and the
listing broker has no duty to discover and disclose any issues.
Seller hires listing company and on the property disclosure statement says
that the property is connected to city water and sewer. The seller knows
that she has city water and that city sewer is available, but she never
2
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
