Complete Real Exam Questions And Correct Answers (Verified
Answers) | Graded A+ /Guaranteed Success!!
Name the 4 types of Material Facts - ANSWER-Facts about the
property, facts that relate to the property, facts relating to the
ability to close the transaction, and facts of special importance
If you miss the 6/10 Deadline for CE what must you do to re-
activate your license? - ANSWER-Complete latest General
Update (4 Hours), and 3 CE Classes (4 hours each) Total of 16
hours
Under NC License Law who can be held responsible for
reporting Material
Facts? - ANSWER-Only Agents...
(License Law)
Under Civil /Criminal law who can be held responsible for
reporting Material
Facts? - ANSWER-
Principles
, Is a broker with multiple buyers considered a dual agent? -
ANSWER-No, A
dual agent represents both principles in a single
transaction
Does the WWREA brochure have an option for Seller Sub
Agency? - ANSWER-
Yes. it is a check box on the
last page
May an unlicensed employee designate an agent for dual
agency? - ANSWER-
Yes. If there is a company policy
stating this
May a Principle refuse to sign the WWREA? - ANSWER-Yes.
Agent just needs
to write "Refused to
sign"
When measuring the square footage of stairs always remember
to? – ANSWER-Include the square footage on the first floor,
and include the square footage on the 2nd floor as well