301 NC POST-LICENSING EXAM
Questions and Answers Latest Versions
2025 TOP RATED A+
Ariel has just received her North Carolina real estate license in the mail after passing the
state licensing exam. What is the status of Ariel's license at this time?
A) Active broker
B) Inactive provisional broker
C) Active provisional broker
D) Pending broker - ✅✅-B) Inactive provisional broker
Armin, a broker affiliated with Best Homes Realty, listed a property for sale and conducted an
open house. Courtney visited the open house and decided to make an offer. The seller had
completed the Residential Property and Owners' Association Disclosure Statement
(RPOADS) indicating all defects the seller knows that exist about the property. In this
situation, which of the following statements is TRUE?
A) Courtney needs to be advised to still conduct a full home inspection.
B) Since the seller disclosed all known material facts, they have complied with the
Doctrine of Caveat Emptor and Courtney does not need to complete a full home inspection.
C) Since the seller disclosed all known material facts that they were aware of, Courtney
does not need to complete a full home inspection.
D) Armin can assure Courtney that the seller has disclosed all material facts and she
does not need to get her own home inspection. - ✅✅-A) Courtney needs to be advised to
still conduct a full home inspection.
As they are walking through the property, Corean is pointing out several things regarding the
property and asking Ryder questions about his property. What is one of the items that
Corean is inquiring about during this phase of the prelisting meeting?
A) What Ryder's needs and desires are regarding time of sale and what he would be
willing to accept as a sales price
B) Which personal property will sell with the property and which fixtures Ryder will be
removing
C) How Ryder would like his property marketed
D) How much Ryder will net at closing - ✅✅-B) Which personal property will sell with
the property and which fixtures Ryder will be removing
Asher currently has an oral buyer agency agreement with Gavin. If Asher wants to bind Gavin
for a period of time or wants to restrict Gavin from working with other real estate firms, what
will Asher need to do?
A) Asher and Gavin can have an exclusive oral agreement up to the time Gavin wants to
make an offer.
B) Asher and Gavin will need to enter into a formal oral buyer agency agreement.
C) Asher and Gavin can have an exclusive agency relationship when their express
agreement is oral.
D) Asher and Gavin will need to enter into a written exclusive buyer agency agreement. -
✅✅-D) Asher and Gavin will need to enter into a written exclusive buyer agency
agreement.
At the prelisting meeting, the broker needs to discuss the brokerage fee. What does the
broker need to determine prior to attending the prelisting meeting regarding the firm's fee?
A) If the firm has come to an agreement with other firms about what the standard fee will
be in the area
B) If the firm has checked the latest Commission rules regarding what firms should
,charge sellers
C) If the firm has a policy that indicates what the listing fee will be and if it is negotiable
D) If the firm has determined the latest trends in what all firms are charging sellers -
✅✅-C) If the firm has a policy that indicates what the listing fee will be and if it is
negotiable
At what point in the meeting with a seller can the broker provide any brokerage services to
the seller?
A) At initial contact
B) At first substantial contact
C) When the seller signs the acknowledgement panel on the agency disclosure brochure
D) When the seller signs a listing agreement with the brokerage firm -
✅✅-D) When the seller signs a listing agreement with the brokerage firm
At what point in the relationship with a buyer must Tara, a broker with Home Town Realty,
disclose all the agency options available to a prospective buyer?
A) Tara must disclose agency options at the time when a potential buyer wants to make
an offer.
B) Tara must disclose agency options at first substantial contact.
C) Tara must disclose agency options at initial contact with a prospective buyer.
D) Tara must disclose agency options before meeting a prospective buyer in person. -
✅✅-B) Tara must disclose agency options at first substantial contact.
Atala is driving by a property that is listed for sale by Best Homes Realty and calls the
telephone number on the for-sale sign. LaTosha answers the phone and Atala asks what the
price of the property is. At this time, does LaTosha have to present the brochure "Working
with Real Estate Agents"?
A) No, because first substantial contact has not occurred.
B) Yes, because first substantial contact has occurred.
C) Yes, because LaTosha must present the brochure at initial contact.
D) No, because LaTosha is not required to present the brochure over the phone. -
✅✅-A) No, because first substantial contact has not occurred.
Austin is a provisional broker and affiliated with Top Ten Realty. He is in process of creating
a buyer agency contract with Cho and she wants exclusive representation at all times. Which
of the following statements is TRUE regarding their written agency contract?
A) Top Ten Realty is not required to have the duration of the agency contract, it can be
open-ended.
B) Top Ten Realty is required to have a release of liability provision.
C) Top Ten Realty is not required to have a dual agency provision.
D) Top Ten Realty is required to have a dual agency provision. - ✅✅-C) Top Ten
Realty is not required to have a dual agency provision.
Bailee is hiring a firm to represent her and has agreed to designated agency. Which of the
following statements is TRUE?
A) Designated agency is where one firm and only one agent within that firm is
representing both the interests of the buyer and the seller.
B) Designated agency is a form of exclusive agency; there is one firm representing the
buyer and a different firm representing the seller.
C) Designated agency has the effect of restoring the ability of the designated agents
working with the seller and the buyer to fully advise their clients and advocate for their client's
interests.
D) Designated agency is a form of dual agency where each of the firm's principals must
remain neutral in the transaction. - ✅✅-C) Designated agency has the effect of restoring
the ability of the designated agents working
with the seller and the buyer to fully advise their clients and advocate for their client's
interests.
,Beck would like to hire a firm to represent him but is unsure of the dual agency provision in
the North Carolina Association of REALTORS® Form 201, Exclusive Buyer Agency
Agreement. What does his agent need to tell him about the provision regarding the buyer's
duties under dual agency?
A) Buyer has determined that the benefits of dual agency outweigh any disadvantages or
adverse consequences.
B) Both of these.
C) Buyer has the responsibility of making their own decisions as to what terms are to be
included in any purchase and sale agreement with a seller-client of the firm.
D) Neither of these. - ✅✅-B) Both of these.
Before a licensee in North Carolina provides any brokerage services to a buyer, the licensee
must review the information in the Working with Real
Estate Agents brochure. - ✅✅-True
Benjamin has advertised a property as having 3,200 square feet. Leo is showing the property
to a buyer who ends up making an offer. It was soon discovered that the property only
contains 2,300 square feet. In this case, what would the responsibility be of the buyer agent,
Leo?
A) Leo would be in violation of his fiduciary duties if he did not personally measure a
property before a buyer made an offer.
B) Leo can typically rely on the square footage reporting of the listing agent unless there
is an error that should be obvious to a reasonably prudent broker.
C) Leo can always rely on the square footage reporting of the listing agent.
D) Leo is required by North Carolina Real Estate Commission (NCREC) to measure all
properties prior to a buyer making an offer in order to verify
square footage. - ✅✅-B) Leo can typically rely on the square footage
reporting of the listing agent unless there is an error that should be obvious to a reasonably
prudent broker.
Best Homes Realty had a bad experience with Founders Law Firm, one of the local real
estate law firms. The owners of Best Homes Realty got together with three of the other top
real estate firms in the area and spread the word not to use Founders Law Firm. This would
be an example of which of the following?
A) Unfair competitive practices
B) Blockbusting
C) Price fixing
D) Boycotting - ✅✅-D) Boycotting
Best Homes Realty was hired by a buyer to represent them in purchasing a property. The
buyer wanted to have exclusive representation at all times. What type of agency would BEST
describe the relationship between Best Homes Realty and the buyer?
A) Buyer agency
B) Dual agency
C) Nonagency
D) Seller agency - ✅✅-A) Buyer agency
Best Property Management Realty hired Felix, an unlicensed assistant, to help with some of
the firm's responsibilities to the property owners they are representing. Which of the following
activities would Felix NOT be allowed to perform?
A) Act as courier to deliver and pick up documents
B) Place "for rent" sign on the properties
C) Schedule appointments for showing the rental units
D) Agree to reduce the rental rate for a prospective tenant - ✅✅-D) Agree to reduce
the rental rate for a prospective tenant
Betty with Green Acres Realty had an appointment with a seller in a short sale situation.
, Betty reached out to her broker-in-charge to see what the firm's options were regarding
signing a listing agreement with the seller. What are Green Acre Realty's options in this
situation?
A) Betty must list the property because it would be discrimination if she declined the
listing.
B) Betty must list the property because the North Carolina Real Estate Commission rules
mandate she must treat all sellers equally.
C) Betty can decline to list the property.
D) Betty must tell the seller that they are not allowed to sell the property since it is a short
sale. - ✅✅-C) Betty can decline to list the property.
Bobbi Broker works for Blue Firm and is completing an Exclusive Right to Sell Listing
Agreement with the seller. How should Bobbi Broker complete the blank identifying the Firm?
A) Bobbi Broker
B) Insert N/A in the Firm blank
C) Blue Firm and Bobbi Broker
D) Blue Firm - ✅✅-D) Blue Firm
Bonita is affiliated with Owner's Choice Realty who manages residential properties. Bonita is
meeting with a client and will complete the North Carolina Association of REALTORS®
(NCAR) Form 401, Exclusive Property Management Agreement. The provision regarding the
duration of the agreement indicates which of the following?
A) The duration of the agreement must have an effective date and can be open ended.
B) The duration of the agreement must be for a minimum of one year and then can
convert to a month-to-month agreement.
C) The duration of the agreement must have an effective date and a termination date.
D) The duration of the agreement must have an effective date, termination date, and can
allow for an automatic renewal. - ✅✅-D) The duration of the agreement must have an
effective date, termination date, and can allow for an
automatic renewal.
Boris is gathering data at the prelisting meeting regarding the acreage of the lot. Which of the
following statements is TRUE regarding how Boris will determine the acreage?
A) Boris can obtain the acreage from the seller's deed.
B) Boris needs to hire a surveyor and have the acreage determined.
C) Boris needs to measure the lot and calculate the acreage.
D) Boris needs to ask the seller to hire a surveyor and have the acreage determined. -
✅✅-A) Boris can obtain the acreage from the seller's deed.
Boris is in a prelisting meeting with the seller. Boris sees that there is an active leak in the
roof while he is inspecting the property and verifying information regarding the property.
Which of the following statements is TRUE regarding the leak in the roof?
A) Boris must disclose the leak in the roof regardless of whether the seller lists with him
or not.
B) The seller is the only one that would need to disclose the leak in the roof; Boris would
not be required.
C) Boris must keep the leak in the roof confidential if he lists the property for sale.
D) Boris and the seller must disclose that there is a leak in the roof. - ✅✅-A)
Boris must disclose the leak in the roof regardless of whether the seller lists with him or not.
Brandon is a broker affiliated with Dream Homes Realty. He receives a call from Anja about
listing her home. What does Brandon need to determine first before proceeding with an
agency relationship with her?
A) Brandon should have her sign an exclusive agency agreement before they meet in
person.
B) Brandon needs to disclose that he is a provisional broker who still needs to complete
additional educational requirements.
C) Brandon should ask Anja whether she already has an agency agreement with another
Questions and Answers Latest Versions
2025 TOP RATED A+
Ariel has just received her North Carolina real estate license in the mail after passing the
state licensing exam. What is the status of Ariel's license at this time?
A) Active broker
B) Inactive provisional broker
C) Active provisional broker
D) Pending broker - ✅✅-B) Inactive provisional broker
Armin, a broker affiliated with Best Homes Realty, listed a property for sale and conducted an
open house. Courtney visited the open house and decided to make an offer. The seller had
completed the Residential Property and Owners' Association Disclosure Statement
(RPOADS) indicating all defects the seller knows that exist about the property. In this
situation, which of the following statements is TRUE?
A) Courtney needs to be advised to still conduct a full home inspection.
B) Since the seller disclosed all known material facts, they have complied with the
Doctrine of Caveat Emptor and Courtney does not need to complete a full home inspection.
C) Since the seller disclosed all known material facts that they were aware of, Courtney
does not need to complete a full home inspection.
D) Armin can assure Courtney that the seller has disclosed all material facts and she
does not need to get her own home inspection. - ✅✅-A) Courtney needs to be advised to
still conduct a full home inspection.
As they are walking through the property, Corean is pointing out several things regarding the
property and asking Ryder questions about his property. What is one of the items that
Corean is inquiring about during this phase of the prelisting meeting?
A) What Ryder's needs and desires are regarding time of sale and what he would be
willing to accept as a sales price
B) Which personal property will sell with the property and which fixtures Ryder will be
removing
C) How Ryder would like his property marketed
D) How much Ryder will net at closing - ✅✅-B) Which personal property will sell with
the property and which fixtures Ryder will be removing
Asher currently has an oral buyer agency agreement with Gavin. If Asher wants to bind Gavin
for a period of time or wants to restrict Gavin from working with other real estate firms, what
will Asher need to do?
A) Asher and Gavin can have an exclusive oral agreement up to the time Gavin wants to
make an offer.
B) Asher and Gavin will need to enter into a formal oral buyer agency agreement.
C) Asher and Gavin can have an exclusive agency relationship when their express
agreement is oral.
D) Asher and Gavin will need to enter into a written exclusive buyer agency agreement. -
✅✅-D) Asher and Gavin will need to enter into a written exclusive buyer agency
agreement.
At the prelisting meeting, the broker needs to discuss the brokerage fee. What does the
broker need to determine prior to attending the prelisting meeting regarding the firm's fee?
A) If the firm has come to an agreement with other firms about what the standard fee will
be in the area
B) If the firm has checked the latest Commission rules regarding what firms should
,charge sellers
C) If the firm has a policy that indicates what the listing fee will be and if it is negotiable
D) If the firm has determined the latest trends in what all firms are charging sellers -
✅✅-C) If the firm has a policy that indicates what the listing fee will be and if it is
negotiable
At what point in the meeting with a seller can the broker provide any brokerage services to
the seller?
A) At initial contact
B) At first substantial contact
C) When the seller signs the acknowledgement panel on the agency disclosure brochure
D) When the seller signs a listing agreement with the brokerage firm -
✅✅-D) When the seller signs a listing agreement with the brokerage firm
At what point in the relationship with a buyer must Tara, a broker with Home Town Realty,
disclose all the agency options available to a prospective buyer?
A) Tara must disclose agency options at the time when a potential buyer wants to make
an offer.
B) Tara must disclose agency options at first substantial contact.
C) Tara must disclose agency options at initial contact with a prospective buyer.
D) Tara must disclose agency options before meeting a prospective buyer in person. -
✅✅-B) Tara must disclose agency options at first substantial contact.
Atala is driving by a property that is listed for sale by Best Homes Realty and calls the
telephone number on the for-sale sign. LaTosha answers the phone and Atala asks what the
price of the property is. At this time, does LaTosha have to present the brochure "Working
with Real Estate Agents"?
A) No, because first substantial contact has not occurred.
B) Yes, because first substantial contact has occurred.
C) Yes, because LaTosha must present the brochure at initial contact.
D) No, because LaTosha is not required to present the brochure over the phone. -
✅✅-A) No, because first substantial contact has not occurred.
Austin is a provisional broker and affiliated with Top Ten Realty. He is in process of creating
a buyer agency contract with Cho and she wants exclusive representation at all times. Which
of the following statements is TRUE regarding their written agency contract?
A) Top Ten Realty is not required to have the duration of the agency contract, it can be
open-ended.
B) Top Ten Realty is required to have a release of liability provision.
C) Top Ten Realty is not required to have a dual agency provision.
D) Top Ten Realty is required to have a dual agency provision. - ✅✅-C) Top Ten
Realty is not required to have a dual agency provision.
Bailee is hiring a firm to represent her and has agreed to designated agency. Which of the
following statements is TRUE?
A) Designated agency is where one firm and only one agent within that firm is
representing both the interests of the buyer and the seller.
B) Designated agency is a form of exclusive agency; there is one firm representing the
buyer and a different firm representing the seller.
C) Designated agency has the effect of restoring the ability of the designated agents
working with the seller and the buyer to fully advise their clients and advocate for their client's
interests.
D) Designated agency is a form of dual agency where each of the firm's principals must
remain neutral in the transaction. - ✅✅-C) Designated agency has the effect of restoring
the ability of the designated agents working
with the seller and the buyer to fully advise their clients and advocate for their client's
interests.
,Beck would like to hire a firm to represent him but is unsure of the dual agency provision in
the North Carolina Association of REALTORS® Form 201, Exclusive Buyer Agency
Agreement. What does his agent need to tell him about the provision regarding the buyer's
duties under dual agency?
A) Buyer has determined that the benefits of dual agency outweigh any disadvantages or
adverse consequences.
B) Both of these.
C) Buyer has the responsibility of making their own decisions as to what terms are to be
included in any purchase and sale agreement with a seller-client of the firm.
D) Neither of these. - ✅✅-B) Both of these.
Before a licensee in North Carolina provides any brokerage services to a buyer, the licensee
must review the information in the Working with Real
Estate Agents brochure. - ✅✅-True
Benjamin has advertised a property as having 3,200 square feet. Leo is showing the property
to a buyer who ends up making an offer. It was soon discovered that the property only
contains 2,300 square feet. In this case, what would the responsibility be of the buyer agent,
Leo?
A) Leo would be in violation of his fiduciary duties if he did not personally measure a
property before a buyer made an offer.
B) Leo can typically rely on the square footage reporting of the listing agent unless there
is an error that should be obvious to a reasonably prudent broker.
C) Leo can always rely on the square footage reporting of the listing agent.
D) Leo is required by North Carolina Real Estate Commission (NCREC) to measure all
properties prior to a buyer making an offer in order to verify
square footage. - ✅✅-B) Leo can typically rely on the square footage
reporting of the listing agent unless there is an error that should be obvious to a reasonably
prudent broker.
Best Homes Realty had a bad experience with Founders Law Firm, one of the local real
estate law firms. The owners of Best Homes Realty got together with three of the other top
real estate firms in the area and spread the word not to use Founders Law Firm. This would
be an example of which of the following?
A) Unfair competitive practices
B) Blockbusting
C) Price fixing
D) Boycotting - ✅✅-D) Boycotting
Best Homes Realty was hired by a buyer to represent them in purchasing a property. The
buyer wanted to have exclusive representation at all times. What type of agency would BEST
describe the relationship between Best Homes Realty and the buyer?
A) Buyer agency
B) Dual agency
C) Nonagency
D) Seller agency - ✅✅-A) Buyer agency
Best Property Management Realty hired Felix, an unlicensed assistant, to help with some of
the firm's responsibilities to the property owners they are representing. Which of the following
activities would Felix NOT be allowed to perform?
A) Act as courier to deliver and pick up documents
B) Place "for rent" sign on the properties
C) Schedule appointments for showing the rental units
D) Agree to reduce the rental rate for a prospective tenant - ✅✅-D) Agree to reduce
the rental rate for a prospective tenant
Betty with Green Acres Realty had an appointment with a seller in a short sale situation.
, Betty reached out to her broker-in-charge to see what the firm's options were regarding
signing a listing agreement with the seller. What are Green Acre Realty's options in this
situation?
A) Betty must list the property because it would be discrimination if she declined the
listing.
B) Betty must list the property because the North Carolina Real Estate Commission rules
mandate she must treat all sellers equally.
C) Betty can decline to list the property.
D) Betty must tell the seller that they are not allowed to sell the property since it is a short
sale. - ✅✅-C) Betty can decline to list the property.
Bobbi Broker works for Blue Firm and is completing an Exclusive Right to Sell Listing
Agreement with the seller. How should Bobbi Broker complete the blank identifying the Firm?
A) Bobbi Broker
B) Insert N/A in the Firm blank
C) Blue Firm and Bobbi Broker
D) Blue Firm - ✅✅-D) Blue Firm
Bonita is affiliated with Owner's Choice Realty who manages residential properties. Bonita is
meeting with a client and will complete the North Carolina Association of REALTORS®
(NCAR) Form 401, Exclusive Property Management Agreement. The provision regarding the
duration of the agreement indicates which of the following?
A) The duration of the agreement must have an effective date and can be open ended.
B) The duration of the agreement must be for a minimum of one year and then can
convert to a month-to-month agreement.
C) The duration of the agreement must have an effective date and a termination date.
D) The duration of the agreement must have an effective date, termination date, and can
allow for an automatic renewal. - ✅✅-D) The duration of the agreement must have an
effective date, termination date, and can allow for an
automatic renewal.
Boris is gathering data at the prelisting meeting regarding the acreage of the lot. Which of the
following statements is TRUE regarding how Boris will determine the acreage?
A) Boris can obtain the acreage from the seller's deed.
B) Boris needs to hire a surveyor and have the acreage determined.
C) Boris needs to measure the lot and calculate the acreage.
D) Boris needs to ask the seller to hire a surveyor and have the acreage determined. -
✅✅-A) Boris can obtain the acreage from the seller's deed.
Boris is in a prelisting meeting with the seller. Boris sees that there is an active leak in the
roof while he is inspecting the property and verifying information regarding the property.
Which of the following statements is TRUE regarding the leak in the roof?
A) Boris must disclose the leak in the roof regardless of whether the seller lists with him
or not.
B) The seller is the only one that would need to disclose the leak in the roof; Boris would
not be required.
C) Boris must keep the leak in the roof confidential if he lists the property for sale.
D) Boris and the seller must disclose that there is a leak in the roof. - ✅✅-A)
Boris must disclose the leak in the roof regardless of whether the seller lists with him or not.
Brandon is a broker affiliated with Dream Homes Realty. He receives a call from Anja about
listing her home. What does Brandon need to determine first before proceeding with an
agency relationship with her?
A) Brandon should have her sign an exclusive agency agreement before they meet in
person.
B) Brandon needs to disclose that he is a provisional broker who still needs to complete
additional educational requirements.
C) Brandon should ask Anja whether she already has an agency agreement with another
