Doc 001
Actual NC Real Estate Post-Licensing
301 Practice Exam 1 2026–2027 |
Broker Relationships &
Responsibilities Solved Questions
with Verified Answers
NAME: DATE:
Accelerate your transition from provisional broker to a fully licensed North Carolina real estate professional
with this high-converting, premium study resource. Explicitly optimized for the 2026–2027 academic and
licensing framework, this document provides the complete, solved version of the NC Real Estate Post-
Licensing 301 (Practice Exam 1), achieving an elite verified score of 88/100.
NC Real Estate Post-Licensing 301 Practice Exam 1 2026–2027 | Broker Relationships &
Responsibilities Solved Questions with Verified Answers (Score 88/100)
1/50 Under which of the following circumstances would the client and agent most likely mutually
agree to terminate a listing?
a A buyer approached the seller with a much higher offer than the current listing price.
b The agent and client don't agree on the best way to price, maintain, and market the property.
c The client has found a buyer and wants to avoid paying a commission.
d The client's cousin just became licensed and needs her first listing.
b The agent and client don't agree on the best way to price, maintain, and market the property.
2/50 Tabitha listed her property for sale, but it's been on the market for several months with no
offers. She decides to terminate her listing agreement and rent the property out instead of selling it.
Assuming that her listing agent has fulfilled all of his responsibilities under the contract, can
Tabitha terminate the contract before its expiration date?
a Only if she and the listing agent mutually agree to terminate the agreement.
b Only if she succeeds in converting it to a rental.
c Yes because she's received no offers on the listing.
d Yes, she is entitled to terminate at any time.
a Only if she and the listing agent mutually agree to terminate the agreement.
3/50 As a North Carolina property manager, which of the following is Luisa required to do?
a Act as the landlord’s representative in all matters, including legal counsel.
b Advocate for the tenants’ interests above all others.
c Avoid performing any actions that would constitute a landlord’s duties.
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d Perform the duties of a landlord, as laid out in statute and the lease.
Perform the duties of a landlord, as laid out in statute and the lease.
4/50 It's January, and the pool at Roger's listing has been prepped for winter for several weeks. The
homeowner assures Roger that it's in good working order. Roger has no reason to disbelieve the
homeowner, so he tells prospective buyers that the pool is fine. The property sells, spring comes,
and the new owners call to complain that the pump doesn't work, and the pool drain appears to be
clogged. What did Roger commit?
a Fraud
b Negligent misrepresentation
c Roger did not commit a violation
d Unintentional misrepresentation
d Unintentional misrepresentation
5/50 ______ occurs when one licensee represents both the buyer and seller in the same transaction
without proper disclosure and consent.
a A breach of contract
b A conflict of interest Wrong
c Disclosed dual agency
d Undisclosed dual agency
d Undisclosed dual agency
6/10 Which of the following is a true statement about an MLS and sellers?
a An MLS is available via a fee-based subscription and is an option that most sellers prefer.
b An MLS is exclusive to members of the National Association of REALTORS®.
c For most sellers, marketing on an MLS is not cost effective.
d Sellers are required to market their properties on an MLS if they're working with a real estate
licensee.
a An MLS is available via a fee-based subscription and is an option that most sellers prefer.
7/50 All North Carolina listing agreements must ______.
a Be signed by both the buyer and the seller
b Contain discriminatory language
c Have a six-month term
d Include the listing broker’s license number
Include the listing broker’s license number
8/50 Which of these situations is an example of designated agency?
a Cindy's broker at Homeworks Realty appoints her as the buyer's agent in a transaction. Tim's
broker at Great Homes Real Estate appoints him as the seller's broker in the same transaction.
b Meredith's broker appoints her to represent both the buyer and the seller in a single transaction.
c Michele is the firm’s managing broker. She's the designated dual agent in all dual agency
transactions.
d The broker-in-charge at ABC Realty appoints Mark to represent the buyer and Todd to represent
the seller in the same transaction.
Confidential | 2026 Edition Page 2
Actual NC Real Estate Post-Licensing
301 Practice Exam 1 2026–2027 |
Broker Relationships &
Responsibilities Solved Questions
with Verified Answers
NAME: DATE:
Accelerate your transition from provisional broker to a fully licensed North Carolina real estate professional
with this high-converting, premium study resource. Explicitly optimized for the 2026–2027 academic and
licensing framework, this document provides the complete, solved version of the NC Real Estate Post-
Licensing 301 (Practice Exam 1), achieving an elite verified score of 88/100.
NC Real Estate Post-Licensing 301 Practice Exam 1 2026–2027 | Broker Relationships &
Responsibilities Solved Questions with Verified Answers (Score 88/100)
1/50 Under which of the following circumstances would the client and agent most likely mutually
agree to terminate a listing?
a A buyer approached the seller with a much higher offer than the current listing price.
b The agent and client don't agree on the best way to price, maintain, and market the property.
c The client has found a buyer and wants to avoid paying a commission.
d The client's cousin just became licensed and needs her first listing.
b The agent and client don't agree on the best way to price, maintain, and market the property.
2/50 Tabitha listed her property for sale, but it's been on the market for several months with no
offers. She decides to terminate her listing agreement and rent the property out instead of selling it.
Assuming that her listing agent has fulfilled all of his responsibilities under the contract, can
Tabitha terminate the contract before its expiration date?
a Only if she and the listing agent mutually agree to terminate the agreement.
b Only if she succeeds in converting it to a rental.
c Yes because she's received no offers on the listing.
d Yes, she is entitled to terminate at any time.
a Only if she and the listing agent mutually agree to terminate the agreement.
3/50 As a North Carolina property manager, which of the following is Luisa required to do?
a Act as the landlord’s representative in all matters, including legal counsel.
b Advocate for the tenants’ interests above all others.
c Avoid performing any actions that would constitute a landlord’s duties.
Confidential | 2026 Edition Page 1
, Doc 001
d Perform the duties of a landlord, as laid out in statute and the lease.
Perform the duties of a landlord, as laid out in statute and the lease.
4/50 It's January, and the pool at Roger's listing has been prepped for winter for several weeks. The
homeowner assures Roger that it's in good working order. Roger has no reason to disbelieve the
homeowner, so he tells prospective buyers that the pool is fine. The property sells, spring comes,
and the new owners call to complain that the pump doesn't work, and the pool drain appears to be
clogged. What did Roger commit?
a Fraud
b Negligent misrepresentation
c Roger did not commit a violation
d Unintentional misrepresentation
d Unintentional misrepresentation
5/50 ______ occurs when one licensee represents both the buyer and seller in the same transaction
without proper disclosure and consent.
a A breach of contract
b A conflict of interest Wrong
c Disclosed dual agency
d Undisclosed dual agency
d Undisclosed dual agency
6/10 Which of the following is a true statement about an MLS and sellers?
a An MLS is available via a fee-based subscription and is an option that most sellers prefer.
b An MLS is exclusive to members of the National Association of REALTORS®.
c For most sellers, marketing on an MLS is not cost effective.
d Sellers are required to market their properties on an MLS if they're working with a real estate
licensee.
a An MLS is available via a fee-based subscription and is an option that most sellers prefer.
7/50 All North Carolina listing agreements must ______.
a Be signed by both the buyer and the seller
b Contain discriminatory language
c Have a six-month term
d Include the listing broker’s license number
Include the listing broker’s license number
8/50 Which of these situations is an example of designated agency?
a Cindy's broker at Homeworks Realty appoints her as the buyer's agent in a transaction. Tim's
broker at Great Homes Real Estate appoints him as the seller's broker in the same transaction.
b Meredith's broker appoints her to represent both the buyer and the seller in a single transaction.
c Michele is the firm’s managing broker. She's the designated dual agent in all dual agency
transactions.
d The broker-in-charge at ABC Realty appoints Mark to represent the buyer and Todd to represent
the seller in the same transaction.
Confidential | 2026 Edition Page 2
