NC 302 POST LICENSING 2026 EXAMS TEST PAPER
QUESTIONS AND ANSWERS SURE A+
✔✔When should WWREA be explained / signed? - ✔✔At first substantial contact
✔✔If you miss the 6/10 Deadline for CE what must you do to re-activate your license? -
✔✔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? -
✔✔Only Agents... (License Law)
✔✔Under Civil /Criminal law who can be held responsible for reporting Material Facts? -
✔✔Principles
✔✔Name the 4 types of Material Facts - ✔✔Facts about the property, facts that relate to
the property, facts relating to the ability to close the transaction, and facts of special
importance
✔✔Who must Material Facts be disclosed to? - ✔✔All parties, including 3rd Parties
regardless of who you represent
✔✔Who can The Real Estate Commission fine? - ✔✔Time Share Developers
✔✔Willfull Omission means - ✔✔You knew but you didn't disclose
✔✔Willfull Misrepresentation means - ✔✔You lied, by speaking wrong information
✔✔Negligent Omission means - ✔✔You should have known, but did not
✔✔Negligent Misrepresentation means - ✔✔You should have known, but spoke wrong
information
✔✔May a principle be held responsible for mis-information as it relates to a material
fact? - ✔✔Yes. Typically civilly or criminally
✔✔The provision in a listing agreement that may obligate seller to pay a commission
after the agreement has expired is called? - ✔✔Override Clause or Extender Clause
✔✔A listing agreement is said to be what, if the principle dies during the agreement? -
✔✔Automatically Terminated
QUESTIONS AND ANSWERS SURE A+
✔✔When should WWREA be explained / signed? - ✔✔At first substantial contact
✔✔If you miss the 6/10 Deadline for CE what must you do to re-activate your license? -
✔✔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? -
✔✔Only Agents... (License Law)
✔✔Under Civil /Criminal law who can be held responsible for reporting Material Facts? -
✔✔Principles
✔✔Name the 4 types of Material Facts - ✔✔Facts about the property, facts that relate to
the property, facts relating to the ability to close the transaction, and facts of special
importance
✔✔Who must Material Facts be disclosed to? - ✔✔All parties, including 3rd Parties
regardless of who you represent
✔✔Who can The Real Estate Commission fine? - ✔✔Time Share Developers
✔✔Willfull Omission means - ✔✔You knew but you didn't disclose
✔✔Willfull Misrepresentation means - ✔✔You lied, by speaking wrong information
✔✔Negligent Omission means - ✔✔You should have known, but did not
✔✔Negligent Misrepresentation means - ✔✔You should have known, but spoke wrong
information
✔✔May a principle be held responsible for mis-information as it relates to a material
fact? - ✔✔Yes. Typically civilly or criminally
✔✔The provision in a listing agreement that may obligate seller to pay a commission
after the agreement has expired is called? - ✔✔Override Clause or Extender Clause
✔✔A listing agreement is said to be what, if the principle dies during the agreement? -
✔✔Automatically Terminated
