NCREL POST LICENSING 301 BROKER
RELATIONSHIPS AND RESPONSIBILITIES
EVALUATION EXAM 2025\2026 QUESTIONS
WITH ANSWERS GUARANTEE A+
A seller's agent or sub-agent must initially
disclose her agent status to a prospective buyer
when? - correct answer-Before buyer and agent
discuss motivation or financial information.
What fiduciary duties are owed to principals? -
correct answer-Obey, Loyalty, Disclosure,
Confidentiality, Accounting, & Reasonable care
(OLD CAR)
As a dual agent, my fiduciary responsibilities are
reduced to the buyer and seller under what
agency? - correct answer-Dual Agency - agent
cannot advise or council
, Material facts which must be disclosed - correct
answer-Pending foreclosure, adverse conditions,
neighborhood changes, anything that will affect a
decision to buy or sell
A runway is planned in the next 20 years near a
property that I purchase. I later sell the property.
To which party must I disclose the plan for a
runway? - correct answer-All parties
A listing broker is aware of a hidden defect in the
home. The seller marks no representation on the
disclosure statement, so the listing agent does not
disclose the defect in marketing or on MLS. The
buyer's agent does not uncover the defect. After
closing who is responsible for the lack of
disclosure to the purchaser? - correct answer-The
listing broker only - this is willful omission. If the
buyer's agent had discovered the defect, they too
would be responsible.
A client tells a buyer agent how excited he is to
buy a home so he can live off the grid and plans
to install solar panels. The buyer's agent finds a
home with a south facing roof and tells the listing
RELATIONSHIPS AND RESPONSIBILITIES
EVALUATION EXAM 2025\2026 QUESTIONS
WITH ANSWERS GUARANTEE A+
A seller's agent or sub-agent must initially
disclose her agent status to a prospective buyer
when? - correct answer-Before buyer and agent
discuss motivation or financial information.
What fiduciary duties are owed to principals? -
correct answer-Obey, Loyalty, Disclosure,
Confidentiality, Accounting, & Reasonable care
(OLD CAR)
As a dual agent, my fiduciary responsibilities are
reduced to the buyer and seller under what
agency? - correct answer-Dual Agency - agent
cannot advise or council
, Material facts which must be disclosed - correct
answer-Pending foreclosure, adverse conditions,
neighborhood changes, anything that will affect a
decision to buy or sell
A runway is planned in the next 20 years near a
property that I purchase. I later sell the property.
To which party must I disclose the plan for a
runway? - correct answer-All parties
A listing broker is aware of a hidden defect in the
home. The seller marks no representation on the
disclosure statement, so the listing agent does not
disclose the defect in marketing or on MLS. The
buyer's agent does not uncover the defect. After
closing who is responsible for the lack of
disclosure to the purchaser? - correct answer-The
listing broker only - this is willful omission. If the
buyer's agent had discovered the defect, they too
would be responsible.
A client tells a buyer agent how excited he is to
buy a home so he can live off the grid and plans
to install solar panels. The buyer's agent finds a
home with a south facing roof and tells the listing
