301 NC POST LICENSING EXAM
NEWST EXAM | COMPLETE
QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED
ANSWERS | LATEST VERSION
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Terms in this set (303)
,An agent's duties B) obedience.
to third parties
include all the
following
EXCEPT
A) fairness.
B) obedience.
C) disclosure of
material fact.
D) honesty.
,Derrin hires C) Austin must disclose that the hot
Austin with Best water heater is not working because
Homes Realty to it is a material fact.
list 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
NEWST EXAM | COMPLETE
QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED
ANSWERS | LATEST VERSION
Save
Terms in this set (303)
,An agent's duties B) obedience.
to third parties
include all the
following
EXCEPT
A) fairness.
B) obedience.
C) disclosure of
material fact.
D) honesty.
,Derrin hires C) Austin must disclose that the hot
Austin with Best water heater is not working because
Homes Realty to it is a material fact.
list 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