301 NC POST LICENSING EXAMINATION
SCRIPT 2026 COMPLETE QUESTIONS
WITH ACCURATE ANSWERS
◉ 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
, ◉ A CMA is not a representation of Value but is a?
Answer: Representation of a range of suggested selling price
◉ May an agent do a CMA/BPO for a bank?
Answer: No. Agents cannot perform either for the purposes of a loan
or mortgage. This must be done by appraisers
◉ Typically if a Seller is not that motivated to sell the price would
tend to be...
Answer: At the higher range of the CMA
◉ In Qualifying Ratios what is included in the Front End?
Answer: Principle payment, Interest, Taxes Insurance, PMI & HOA
◉ In Qualifying Ratios what is included in the Back End?
Answer: Everything from the front end + Recurring Debt Payments
◉ What are the Qualifying Ratios for a conventional loan?
Answer: 28% / 36%
◉ To figure out if a buyer is eligible for a loan based on Front End
criteria, the formula is what?
SCRIPT 2026 COMPLETE QUESTIONS
WITH ACCURATE ANSWERS
◉ 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
, ◉ A CMA is not a representation of Value but is a?
Answer: Representation of a range of suggested selling price
◉ May an agent do a CMA/BPO for a bank?
Answer: No. Agents cannot perform either for the purposes of a loan
or mortgage. This must be done by appraisers
◉ Typically if a Seller is not that motivated to sell the price would
tend to be...
Answer: At the higher range of the CMA
◉ In Qualifying Ratios what is included in the Front End?
Answer: Principle payment, Interest, Taxes Insurance, PMI & HOA
◉ In Qualifying Ratios what is included in the Back End?
Answer: Everything from the front end + Recurring Debt Payments
◉ What are the Qualifying Ratios for a conventional loan?
Answer: 28% / 36%
◉ To figure out if a buyer is eligible for a loan based on Front End
criteria, the formula is what?
