301 NC POST LICENSING EXAM NEWEST 2025 VERSION 1 AND 2
ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
The Copy of the Sellers Deed should be checked for.. - ANS✔️--- number
of owners/signatures
- metes and bounds or reference to recorded plat
- legal description
- encumbrances
- verify fee simple estate
What does an agent owe his "client" (principal)? - ANS✔️--LOADS
What does the L in LOADS stand for? - ANS✔️--Loyalty
What does the O in LOADS stand for? - ANS✔️--Obedience
What does the A in LOADS stand for? - ANS✔️--Accountability
,What does the S in LOADS stand for? - ANS✔️--Skill, Care, and Diligence
What is a material fact? - ANS✔️--- Highway Improvement Plan
- Principals ability to complete a transaction
- Matters relating directly to the property's value or structure
- Special requests of the buyer
- Close to airport flight paths
If a seller is behind on house payments does the agent have to
disclose? - ANS✔️--No disclosure necessary
If the property is in foreclosure or a short sale then there must be... -
ANS✔️--full disclosure
Foreclosure= - ANS✔️--"Notice of Sale" has been filed with the Clerk of
Courts
Facts that surround the property and could affect it's value... - ANS✔️---
pending zoning changes
, - existence of restrictive covenants
- plans for a new highway
-plans to build nearby shopping center
- close to an airport
What is not a material fact? - ANS✔️--- Haunted house
- Death or serious illness of a occupant
- HIV or AIDS occupant (or any protected class)
- Sexual offender
- Appraisal of a former transaction
What else can happen to a "Broker Gone Bad: other than civil liability
and the loss of commission? - ANS✔️--- Loss or suspension of license
- Criminal Prosecution
Agents duties to client under License Law: - ANS✔️--- Duty to disclose
all material facts
- Avoid false promises
- Account for all trust funds
ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
The Copy of the Sellers Deed should be checked for.. - ANS✔️--- number
of owners/signatures
- metes and bounds or reference to recorded plat
- legal description
- encumbrances
- verify fee simple estate
What does an agent owe his "client" (principal)? - ANS✔️--LOADS
What does the L in LOADS stand for? - ANS✔️--Loyalty
What does the O in LOADS stand for? - ANS✔️--Obedience
What does the A in LOADS stand for? - ANS✔️--Accountability
,What does the S in LOADS stand for? - ANS✔️--Skill, Care, and Diligence
What is a material fact? - ANS✔️--- Highway Improvement Plan
- Principals ability to complete a transaction
- Matters relating directly to the property's value or structure
- Special requests of the buyer
- Close to airport flight paths
If a seller is behind on house payments does the agent have to
disclose? - ANS✔️--No disclosure necessary
If the property is in foreclosure or a short sale then there must be... -
ANS✔️--full disclosure
Foreclosure= - ANS✔️--"Notice of Sale" has been filed with the Clerk of
Courts
Facts that surround the property and could affect it's value... - ANS✔️---
pending zoning changes
, - existence of restrictive covenants
- plans for a new highway
-plans to build nearby shopping center
- close to an airport
What is not a material fact? - ANS✔️--- Haunted house
- Death or serious illness of a occupant
- HIV or AIDS occupant (or any protected class)
- Sexual offender
- Appraisal of a former transaction
What else can happen to a "Broker Gone Bad: other than civil liability
and the loss of commission? - ANS✔️--- Loss or suspension of license
- Criminal Prosecution
Agents duties to client under License Law: - ANS✔️--- Duty to disclose
all material facts
- Avoid false promises
- Account for all trust funds
