1|Page 2|Page
C) Since the seller disclosed all known material facts that they were aware of, Courtney does not
need to complete a full home inspection.
301 NC POST LICENSING EXAM NEWEST 2026 VERSION 1 D) Armin can assure Courtney that the seller has disclosed all material facts and she does not
AND 2 ACTUAL EXAMS COMPLETE 300 QUESTIONS AND need to get her own home inspection.
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) A) Courtney needs to be advised to still conduct a full home inspection.
|ALREADY GRADED A+||BRAND NEW!! A buyer and a seller are negotiating the terms of a possible contract. The seller
counteroffers to the buyer, and the buyer wants to think about it overnight. The next day
An agent's duties to third parties include all the following EXCEPT A) the buyer calls the selling agent and says they would like to accept the seller's counteroffer.
fairness. Before verifying that the buyer had actually signed the counteroffer, the selling agent calls
the listing agent to say the buyer had accepted the seller's counteroffer. The seller then goes
B) obedience.
on to purchase another house based on the buyer's "acceptance" of their counteroffer.
C) disclosure of material fact.
When the selling agent goes to pick up the signed paperwork from the buyer, the buyer
D) honesty.
states they never signed the counteroffer and do not want to buy the seller's home. Which
B) obedience. of the following statements is correct?
Derrin hires Austin with Best Homes Realty to list his home for sale. As Austin is A) The selling agent is not responsible for the misrepresentation.
completing the listing agreement, Derrin mentions that the hot water heater has not B) Both the buyer and the selling agent are responsible for the misrepresentation.
worked for a couple of weeks and is not planning on repairing it since he is selling the C) Neither the buyer
home. Derrin tells Austin that he cannot share that information with anyone as it might D) The selling agent is responsible for the misrepresentation.
affect the sale of the home. What is the BEST course of action for Austin at this time?
The real estate broker's fiduciary responsibility to keep the principal informed of all
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. facts, including property condition and issues that affect a seller's willingness to sell and a
B) Austin can share the information with people at Best Homes Realty but cannot share it with buyer's willingness to buy, is the duty of A) reasonable skill, care, and diligence.
any firm representing a buyer. B) disclosure. C)
C) Austin must disclose that the hot water heater is not working because it is a material fact. obedience.
D) Austin must obey the seller. Austin and Best Homes Realty owe fiduciary duties to their clien D) accounting.
C) Austin must disclose that the hot water heater is not working because it is a material fact. B) disclosure.
Armin, a broker affiliated with Best Homes Realty, listed a property for sale and conducted The duties owed from the "agent" to the "principal" are BEST described by which of the
an open house. Courtney visited the open house and decided to make an offer. The seller following?
had completed the Residential Property and Owners' Association Disclosure Statement A) Obedience, loyalty, accounting, and reasonable care
(RPOADS) indicating all defects the seller knows that exist about the property. In this B) Fairness and honesty
situation, which of the following statements is TRUE? C) Fairness, honest, obedience, loyalty, accounting, reasonable skill, and care
A) Courtney needs to be advised to still conduct a full home inspection. D) Obedience, loyalty, disclosure, confidentiality, accounting, reasonable skill, care, and
B) Since the seller disclosed all known material facts, they have complied with the Doctrine of diligence D) Obedience, loyalty, disclosure, confidentiality, accounting, reasonable skill,
Caveat Emptor and Courtney does not need to complete a full home inspection. care, and diligence Which of the following BEST describes subagent?
,3|Page 4|Page
A) Literally the agent of an agent, a person designated or employed by an agent to perform all or George knows that the property is about to be rezoned for commercial use, which will
part of the agent's assigned tasks or services on behalf of the agent's principal greatly increase the value of the property. George does not share this information with the
B) The person who authorizes another to act on the principal's behalf within specified seller and offers to buy the property for himself as an investment. George closes on the
parameters and to whom the agent owes certain legal duties property with the seller and then after the rezoning has been finalized, George sells the
C) The person acting for and on behalf of the principal within the bounds of the authority property at a substantial profit. This is an example of A) self-dealing.
granted and who owes fiduciary duties to the principal
B) making false promises.
D) The relationship that exists when one person is authorized to act for and on behalf of another
C) undisclosed dual agency.
A) Literally the agent of an agent, a person designated or employed by an agent to perform all or D) improper dealing.
part of the agent's assigned tasks or services on behalf of the agent's principal Which of the A) self-dealing.
following statements is TRUE regarding agency agreements?
Lanzo is in the process of listing a house for sale and tells the seller that he will stage the
A) Listing agreements, property management agreements, buyer agency agreements, and house, steam clean the carpets, and hire a professional cleaning crew to clean prior to
tenant representation agreements can all be express oral agreements for a period of time. showing the house. Once the seller signed the listing agreement, Lanzo failed to provide
B) Listing agreements and property management agreements must be express written these services. Lanzo may be guilty of which of the following?
agreements from the beginning of the relationship and buyer agency agreements and tenant
A) Making false promises
representation agreements can be in express oral agreements for a period of time.
C) Listing agreements and buyer agency agreements must be express written agreements B) Undisclosed dual agency
from the beginning of the relationship and property management agreements and tenant C) Self-dealing
representation agreements can be express oral agreements for a period of time. D) Improper brokerage commission
D) Listing agreements and property management agreements can express oral agreements
A) Making false promises
for a period of time and buyer agency agreements and tenant representation agreements must be
in ex Who is required to disclose material facts?
B) Listing agreements and property management agreements must be express written agreements A) Sellers and listing agents
from the beginning of the relationship and buyer agency agreements and tenant representation B) Sellers and buyers
agreements can be in express oral agreements for a period of time. C) Listing agents and selling agents
Which of the following statements BEST describes North Carolina Unfair Deceptive D) Sellers, buyers, listing agents, and selling agents
Practices Act?
C) Listing agents and selling agents
A) This law prohibits disclosure regarding facts about the property itself or the surrounding area.
B) This law prohibits unfair or deceptive acts or practices in commerce and applies to the sale or Francis listed a property for sale and did not investigate the property for material facts
rental of real estate and to real estate brokers. because he relied on the seller's statement that there was nothing wrong with the
C) This law holds that—except in cases involving fraud by the seller or the seller's agent—the property. It was later discovered that there was a substantial leak in the roof that was
seller has no affirmative obligation to disclose information about the property being sold to easily detectable. In this situation, Francis could be held liable for which of the following?
the purchaser and places the burden on the buyer to investigate the property before
A) The seller will be held responsible and Francis has no liability
contracting to purchase the property.
B) Negligent misrepresentation or omission.
D) This law prohibits making generalized expression of a broker's opinion about a property.
C) Willful misrepresentation or omission.
B) This law prohibits unfair or deceptive acts or practices in commerce and applies to the sale or D) Francis is not required to discover material facts since he has the seller's word that there is
rental of real estate and to real estate brokers. nothing wrong.
,5|Page 6|Page
B) Negligent misrepresentation or omission. Jessica is a broker working for a property management company that manages Getty
Luxury Apartments. Jessica promises a prospective tenant that the apartment will be
Which of the following statements regarding agent's duties under real estate license law is
repainted and have the carpet replaced before the tenant moves in. Jessica fails to have
TRUE?
A) A broker's duties under license law when dealing with parties to a transaction apply the work done after the lease is signed. This is an example of A) making false promises.
regardless of the broker's agency relationship to such parties. B) self-dealing.
B) A broker's duties under license law when dealing with parties to a transaction apply only to C) improper dealing.
the firm's clients. D) undisclosed dual agency.
C) A broker's duties under license law when dealing with parties to a transaction apply only to
A) making false promises.
the firm's customers.
Joseph, a broker affiliated with Right Homes Realty, lists a property for sale. Which of
D) A broker does not have duties under license law as brokers are only bound by North Carolina
Real Estate Commission rules. the following statements BEST describes the relationship between Joseph and the seller?
A) Joseph is the agent of the seller and Right Homes Realty is the subagent of the seller.
A) A broker's duties under license law when dealing with parties to a transaction apply
B) Right Homes Realty is the agent of Joseph and the seller is a customer.
regardless of the broker's agency relationship to such parties. When it comes to standards for C) Joseph is the agent of the seller because the listing agreement is directly between Joseph and
selling agents, which of the following statements is TRUE? A) A selling agent may rely on the seller.
the accuracy of property information provided by a listing agent in MLS only and must verify D) Right Homes Realty is the agent of the seller and Joseph is the subagent of the seller.
other forms of advertising. D) Right Homes Realty is the agent of the seller and Joseph is the subagent of the seller.
B) Generally, a selling agent may rely on the accuracy of property information provided by
a listing agent. Which of the following BEST describes the common law of agency?
C) A selling agent may never rely on the accuracy of property information provided by a A) Case law establishing the responsibilities of a person who acts for another
listing agent as they must always verify everything. B) State licensing laws and statutes
D) Neither the listing nor selling agent are liable for advertising as long as there is a C) The Code of Ethics prescribed by the local trade association
"disclaimer" warning for the reader to make an independent investigation. D) The disclosure requirement by the agent to third parties no later than first substantial contact
B) Generally, a selling agent may rely on the accuracy of property information provided by a A) Case law establishing the responsibilities of a person who acts for another
listing agent.
Elena hires Mendel and his firm to list her property for sale. They agree that Mendel will
Alfonso tells a prospective buyer that, in his opinion, the property they are about to view is
hold an open house for the first two weekends the property is on the market. Mendel
the most beautiful property in the neighborhood. Even if the property would be considered
creates an open house flyer and sends it to the printer with the square footage being listed
to many as being very unattractive, the nature of Alfonso's statement would be considered
at 2,100 square feet instead of the actual square footage of 1,200 square feet. Mendel does
as
not notice the error. A buyer attends one of the open houses and makes an offer on the
A) willful misrepresentation.
property. Later, the error is discovered by the appraiser. In this situation, which of the
B) negligent misrepresentation.
following statements is TRUE?
C) false advertising.
A) Mendel can be held liable for inaccurate advertising.
D) puffing.
B) Mendel is not liable because open house flyers are not a form of advertising.
D) puffing. C) Mendel was not required to advertise square footage and only did so at the request of the
seller, therefore, the seller is liable.
, 7|Page 8|Page
D) Mendel made an honest mistake and will not be held liable. to disclose this fact to a buyer, seller, landlord, or tenant, even though the licensee
acted in good faith in the transaction. A) Willful omission
A) Mendel can be held liable for inaccurate advertising.
B) Willful misrepresentation
Spencer has listed a home with Gigi and her firm for $190,000, and Gigi suggests to a C) Negligent misrepresentation
prospective buyer customer that they submit a low offer because of the seller's urgent D) Negligent omission
need to sell. The buyer offers $175,000, and the seller accepts it. In this situation: A) Gigi's
action was acceptable since the seller accepted the offer. D) Negligent omission
B) Any broker is encouraged to solicit such bids for the property. Travis is holding an open house and Sarah stops by to view the home. Sarah starts to tell
C) Gigi acted properly to obtain a quick offer on the property. Travis how much she would be willing to pay for the property when she makes an offer. At
D) Gigi has violated her agency relationship with the seller. this point, Travis discloses that he and his firm are representing the seller only, then
notifies Sarah of her agency options. The seller has already agreed to dual agency. If Sarah
D) Gigi has violated her agency relationship with the seller.
wants to make an offer on the property and she agrees to dual agency as well, this would be
All of the following statements regarding payment of an agent in a real estate transaction is
an example of which of the following? A) Intentional, undisclosed dual agency
true EXCEPT
B) Unintentional, disclosed dual agency
A) Payment of a firm by a buyer or seller does not create an agency relationship; the agency
agreement between the buyer or seller creates the agency relationship. C) Unintentional, undisclosed dual agency
B) When a seller agrees to pay a buyer agent's firm, the payment does not automatically D) Intentional, disclosed dual agency
create an agency relationship between the seller and the buyer agent's firm.
D) Intentional, disclosed dual agency
C) In a buyer agency agreement, the buyer can obligate the buyer agent firm to first seek the
firm's compensation from the seller first, and then if the seller does not pay, the buyer must pay When a broker is selling a property they have an ownership interest in, they need to
the buyer agent firm. disclose they have a real estate license, and the North Carolina Real Estate Commission
D) When a seller agrees to pay a buyer agent's firm, the payment automatically creates an rules state that
agency relationship between the seller and the buyer agent's firm. A) the broker can represent a buyer or offer to represent a buyer in the purchase of a
D) When a seller agrees to pay a buyer agent's firm, the payment automatically creates an agency property the broker has an ownership interest in so long as the broker discloses the
relationship between the seller and the buyer agent's firm. ownership interest and gets consent to act as a buyer agent.
B) the broker can represent the buyer or offer to represent the buyer as long as the broker
All the following are considered categories of "material fact" EXCEPT A)
does not have a conflict of interest.
facts directly affecting the property.
C) the broker cannot represent the buyer or offer to represent the buyer unless they have
B) facts about the property itself.
permission from their broker-in-charge.
C) the seller's reasons for selling.
D) the broker cannot represent a buyer or offer to represent a buyer in the purchase of a
D) facts of special importance to a party. property the broker has an ownership interest in.
C) the seller's reasons for selling. D) the broker cannot represent a buyer or offer to represent a buyer in the purchase of a property
the broker has an ownership interest in.
A licensee does not have actual knowledge of a material fact and consequently does not
disclose the fact, but a reasonably prudent licensee "should reasonably have known" Who decides whether a listing firm will cooperate with other firms to procure a buyer for
of such fact. In this case, the licensee may be guilty of which of the following if they fail the property?
A) Buyer-agent firm
C) Since the seller disclosed all known material facts that they were aware of, Courtney does not
need to complete a full home inspection.
301 NC POST LICENSING EXAM NEWEST 2026 VERSION 1 D) Armin can assure Courtney that the seller has disclosed all material facts and she does not
AND 2 ACTUAL EXAMS COMPLETE 300 QUESTIONS AND need to get her own home inspection.
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) A) Courtney needs to be advised to still conduct a full home inspection.
|ALREADY GRADED A+||BRAND NEW!! A buyer and a seller are negotiating the terms of a possible contract. The seller
counteroffers to the buyer, and the buyer wants to think about it overnight. The next day
An agent's duties to third parties include all the following EXCEPT A) the buyer calls the selling agent and says they would like to accept the seller's counteroffer.
fairness. Before verifying that the buyer had actually signed the counteroffer, the selling agent calls
the listing agent to say the buyer had accepted the seller's counteroffer. The seller then goes
B) obedience.
on to purchase another house based on the buyer's "acceptance" of their counteroffer.
C) disclosure of material fact.
When the selling agent goes to pick up the signed paperwork from the buyer, the buyer
D) honesty.
states they never signed the counteroffer and do not want to buy the seller's home. Which
B) obedience. of the following statements is correct?
Derrin hires Austin with Best Homes Realty to list his home for sale. As Austin is A) The selling agent is not responsible for the misrepresentation.
completing the listing agreement, Derrin mentions that the hot water heater has not B) Both the buyer and the selling agent are responsible for the misrepresentation.
worked for a couple of weeks and is not planning on repairing it since he is selling the C) Neither the buyer
home. Derrin tells Austin that he cannot share that information with anyone as it might D) The selling agent is responsible for the misrepresentation.
affect the sale of the home. What is the BEST course of action for Austin at this time?
The real estate broker's fiduciary responsibility to keep the principal informed of all
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. facts, including property condition and issues that affect a seller's willingness to sell and a
B) Austin can share the information with people at Best Homes Realty but cannot share it with buyer's willingness to buy, is the duty of A) reasonable skill, care, and diligence.
any firm representing a buyer. B) disclosure. C)
C) Austin must disclose that the hot water heater is not working because it is a material fact. obedience.
D) Austin must obey the seller. Austin and Best Homes Realty owe fiduciary duties to their clien D) accounting.
C) Austin must disclose that the hot water heater is not working because it is a material fact. B) disclosure.
Armin, a broker affiliated with Best Homes Realty, listed a property for sale and conducted The duties owed from the "agent" to the "principal" are BEST described by which of the
an open house. Courtney visited the open house and decided to make an offer. The seller following?
had completed the Residential Property and Owners' Association Disclosure Statement A) Obedience, loyalty, accounting, and reasonable care
(RPOADS) indicating all defects the seller knows that exist about the property. In this B) Fairness and honesty
situation, which of the following statements is TRUE? C) Fairness, honest, obedience, loyalty, accounting, reasonable skill, and care
A) Courtney needs to be advised to still conduct a full home inspection. D) Obedience, loyalty, disclosure, confidentiality, accounting, reasonable skill, care, and
B) Since the seller disclosed all known material facts, they have complied with the Doctrine of diligence D) Obedience, loyalty, disclosure, confidentiality, accounting, reasonable skill,
Caveat Emptor and Courtney does not need to complete a full home inspection. care, and diligence Which of the following BEST describes subagent?
,3|Page 4|Page
A) Literally the agent of an agent, a person designated or employed by an agent to perform all or George knows that the property is about to be rezoned for commercial use, which will
part of the agent's assigned tasks or services on behalf of the agent's principal greatly increase the value of the property. George does not share this information with the
B) The person who authorizes another to act on the principal's behalf within specified seller and offers to buy the property for himself as an investment. George closes on the
parameters and to whom the agent owes certain legal duties property with the seller and then after the rezoning has been finalized, George sells the
C) The person acting for and on behalf of the principal within the bounds of the authority property at a substantial profit. This is an example of A) self-dealing.
granted and who owes fiduciary duties to the principal
B) making false promises.
D) The relationship that exists when one person is authorized to act for and on behalf of another
C) undisclosed dual agency.
A) Literally the agent of an agent, a person designated or employed by an agent to perform all or D) improper dealing.
part of the agent's assigned tasks or services on behalf of the agent's principal Which of the A) self-dealing.
following statements is TRUE regarding agency agreements?
Lanzo is in the process of listing a house for sale and tells the seller that he will stage the
A) Listing agreements, property management agreements, buyer agency agreements, and house, steam clean the carpets, and hire a professional cleaning crew to clean prior to
tenant representation agreements can all be express oral agreements for a period of time. showing the house. Once the seller signed the listing agreement, Lanzo failed to provide
B) Listing agreements and property management agreements must be express written these services. Lanzo may be guilty of which of the following?
agreements from the beginning of the relationship and buyer agency agreements and tenant
A) Making false promises
representation agreements can be in express oral agreements for a period of time.
C) Listing agreements and buyer agency agreements must be express written agreements B) Undisclosed dual agency
from the beginning of the relationship and property management agreements and tenant C) Self-dealing
representation agreements can be express oral agreements for a period of time. D) Improper brokerage commission
D) Listing agreements and property management agreements can express oral agreements
A) Making false promises
for a period of time and buyer agency agreements and tenant representation agreements must be
in ex Who is required to disclose material facts?
B) Listing agreements and property management agreements must be express written agreements A) Sellers and listing agents
from the beginning of the relationship and buyer agency agreements and tenant representation B) Sellers and buyers
agreements can be in express oral agreements for a period of time. C) Listing agents and selling agents
Which of the following statements BEST describes North Carolina Unfair Deceptive D) Sellers, buyers, listing agents, and selling agents
Practices Act?
C) Listing agents and selling agents
A) This law prohibits disclosure regarding facts about the property itself or the surrounding area.
B) This law prohibits unfair or deceptive acts or practices in commerce and applies to the sale or Francis listed a property for sale and did not investigate the property for material facts
rental of real estate and to real estate brokers. because he relied on the seller's statement that there was nothing wrong with the
C) This law holds that—except in cases involving fraud by the seller or the seller's agent—the property. It was later discovered that there was a substantial leak in the roof that was
seller has no affirmative obligation to disclose information about the property being sold to easily detectable. In this situation, Francis could be held liable for which of the following?
the purchaser and places the burden on the buyer to investigate the property before
A) The seller will be held responsible and Francis has no liability
contracting to purchase the property.
B) Negligent misrepresentation or omission.
D) This law prohibits making generalized expression of a broker's opinion about a property.
C) Willful misrepresentation or omission.
B) This law prohibits unfair or deceptive acts or practices in commerce and applies to the sale or D) Francis is not required to discover material facts since he has the seller's word that there is
rental of real estate and to real estate brokers. nothing wrong.
,5|Page 6|Page
B) Negligent misrepresentation or omission. Jessica is a broker working for a property management company that manages Getty
Luxury Apartments. Jessica promises a prospective tenant that the apartment will be
Which of the following statements regarding agent's duties under real estate license law is
repainted and have the carpet replaced before the tenant moves in. Jessica fails to have
TRUE?
A) A broker's duties under license law when dealing with parties to a transaction apply the work done after the lease is signed. This is an example of A) making false promises.
regardless of the broker's agency relationship to such parties. B) self-dealing.
B) A broker's duties under license law when dealing with parties to a transaction apply only to C) improper dealing.
the firm's clients. D) undisclosed dual agency.
C) A broker's duties under license law when dealing with parties to a transaction apply only to
A) making false promises.
the firm's customers.
Joseph, a broker affiliated with Right Homes Realty, lists a property for sale. Which of
D) A broker does not have duties under license law as brokers are only bound by North Carolina
Real Estate Commission rules. the following statements BEST describes the relationship between Joseph and the seller?
A) Joseph is the agent of the seller and Right Homes Realty is the subagent of the seller.
A) A broker's duties under license law when dealing with parties to a transaction apply
B) Right Homes Realty is the agent of Joseph and the seller is a customer.
regardless of the broker's agency relationship to such parties. When it comes to standards for C) Joseph is the agent of the seller because the listing agreement is directly between Joseph and
selling agents, which of the following statements is TRUE? A) A selling agent may rely on the seller.
the accuracy of property information provided by a listing agent in MLS only and must verify D) Right Homes Realty is the agent of the seller and Joseph is the subagent of the seller.
other forms of advertising. D) Right Homes Realty is the agent of the seller and Joseph is the subagent of the seller.
B) Generally, a selling agent may rely on the accuracy of property information provided by
a listing agent. Which of the following BEST describes the common law of agency?
C) A selling agent may never rely on the accuracy of property information provided by a A) Case law establishing the responsibilities of a person who acts for another
listing agent as they must always verify everything. B) State licensing laws and statutes
D) Neither the listing nor selling agent are liable for advertising as long as there is a C) The Code of Ethics prescribed by the local trade association
"disclaimer" warning for the reader to make an independent investigation. D) The disclosure requirement by the agent to third parties no later than first substantial contact
B) Generally, a selling agent may rely on the accuracy of property information provided by a A) Case law establishing the responsibilities of a person who acts for another
listing agent.
Elena hires Mendel and his firm to list her property for sale. They agree that Mendel will
Alfonso tells a prospective buyer that, in his opinion, the property they are about to view is
hold an open house for the first two weekends the property is on the market. Mendel
the most beautiful property in the neighborhood. Even if the property would be considered
creates an open house flyer and sends it to the printer with the square footage being listed
to many as being very unattractive, the nature of Alfonso's statement would be considered
at 2,100 square feet instead of the actual square footage of 1,200 square feet. Mendel does
as
not notice the error. A buyer attends one of the open houses and makes an offer on the
A) willful misrepresentation.
property. Later, the error is discovered by the appraiser. In this situation, which of the
B) negligent misrepresentation.
following statements is TRUE?
C) false advertising.
A) Mendel can be held liable for inaccurate advertising.
D) puffing.
B) Mendel is not liable because open house flyers are not a form of advertising.
D) puffing. C) Mendel was not required to advertise square footage and only did so at the request of the
seller, therefore, the seller is liable.
, 7|Page 8|Page
D) Mendel made an honest mistake and will not be held liable. to disclose this fact to a buyer, seller, landlord, or tenant, even though the licensee
acted in good faith in the transaction. A) Willful omission
A) Mendel can be held liable for inaccurate advertising.
B) Willful misrepresentation
Spencer has listed a home with Gigi and her firm for $190,000, and Gigi suggests to a C) Negligent misrepresentation
prospective buyer customer that they submit a low offer because of the seller's urgent D) Negligent omission
need to sell. The buyer offers $175,000, and the seller accepts it. In this situation: A) Gigi's
action was acceptable since the seller accepted the offer. D) Negligent omission
B) Any broker is encouraged to solicit such bids for the property. Travis is holding an open house and Sarah stops by to view the home. Sarah starts to tell
C) Gigi acted properly to obtain a quick offer on the property. Travis how much she would be willing to pay for the property when she makes an offer. At
D) Gigi has violated her agency relationship with the seller. this point, Travis discloses that he and his firm are representing the seller only, then
notifies Sarah of her agency options. The seller has already agreed to dual agency. If Sarah
D) Gigi has violated her agency relationship with the seller.
wants to make an offer on the property and she agrees to dual agency as well, this would be
All of the following statements regarding payment of an agent in a real estate transaction is
an example of which of the following? A) Intentional, undisclosed dual agency
true EXCEPT
B) Unintentional, disclosed dual agency
A) Payment of a firm by a buyer or seller does not create an agency relationship; the agency
agreement between the buyer or seller creates the agency relationship. C) Unintentional, undisclosed dual agency
B) When a seller agrees to pay a buyer agent's firm, the payment does not automatically D) Intentional, disclosed dual agency
create an agency relationship between the seller and the buyer agent's firm.
D) Intentional, disclosed dual agency
C) In a buyer agency agreement, the buyer can obligate the buyer agent firm to first seek the
firm's compensation from the seller first, and then if the seller does not pay, the buyer must pay When a broker is selling a property they have an ownership interest in, they need to
the buyer agent firm. disclose they have a real estate license, and the North Carolina Real Estate Commission
D) When a seller agrees to pay a buyer agent's firm, the payment automatically creates an rules state that
agency relationship between the seller and the buyer agent's firm. A) the broker can represent a buyer or offer to represent a buyer in the purchase of a
D) When a seller agrees to pay a buyer agent's firm, the payment automatically creates an agency property the broker has an ownership interest in so long as the broker discloses the
relationship between the seller and the buyer agent's firm. ownership interest and gets consent to act as a buyer agent.
B) the broker can represent the buyer or offer to represent the buyer as long as the broker
All the following are considered categories of "material fact" EXCEPT A)
does not have a conflict of interest.
facts directly affecting the property.
C) the broker cannot represent the buyer or offer to represent the buyer unless they have
B) facts about the property itself.
permission from their broker-in-charge.
C) the seller's reasons for selling.
D) the broker cannot represent a buyer or offer to represent a buyer in the purchase of a
D) facts of special importance to a party. property the broker has an ownership interest in.
C) the seller's reasons for selling. D) the broker cannot represent a buyer or offer to represent a buyer in the purchase of a property
the broker has an ownership interest in.
A licensee does not have actual knowledge of a material fact and consequently does not
disclose the fact, but a reasonably prudent licensee "should reasonably have known" Who decides whether a listing firm will cooperate with other firms to procure a buyer for
of such fact. In this case, the licensee may be guilty of which of the following if they fail the property?
A) Buyer-agent firm
