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301 NC Post-licensing

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301 NC Post-licensing

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Institution 301 NC Post-licensing

Course 301 NC Post-licensing

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301 NC Post-licensing A 28/36 qualifying ratio means that 28% of the borrower's total gross monthly income can be applied to monthly housing expense.--True • A broker and REALTOR® notices a for-sale sign at a home in his neighborhood. The home is listing with a brokerage company other than his. The broker is allowed to contact the seller by email to solicit the listing.--False •• A broker is always entitled to a commission if the broker finds a buyer for a consumer's property.--False •• A broker is determining what price sellers need to sell their home for to net $78,000. The sellers have a loan payoff of $126,000. The broker has estimated their other closing costs to be $850 and the commission rate is 7%. What price did the broker tell the sellers they would need to sell their home for? A) $220,268 B) $190,510 C) $197,880 D) $211,185--A) $220,268 •• A broker who works for a real estate firm has a property listing from a client. A second broker who works for the same firm would like to show a client that property. This is a dual agency situation. ••-True

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Uploaded on: October 25, 2026
Number of pages: 85
Written in: 2026/2027
Type: Exam (elaborations)
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