Social Science Law
Post licensing 301 NC study questions
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Practice questions for this set
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When must a seller's agent or subagent initially disclose agency status to a
buyer?
Choose matching definition
before buyer and buyer's agent
1 after the buyer has made an offer 2 discuss motivation and financial
information
3 only if the buyer requests it 4 during the closing process
Don't know?
, When must a seller's agent before buyer and buyer's agent discuss motivation
or subagent initially and financial information
disclose agency status to
a buyer?
seller's subagent no written or oral buyer agency
obedience
loyalty
disclosure
OLDCAR
confidentiality
accounting
reasonable care
In dual agency, the agent's reduced
duties are _____ to being a
facilitator
What statement would any number amount triggers full disclosure:
require full disclosure of 4.5% APR or $2000 down
all financing terms in
compliance with TILA, Reg
Z and RESPA
A _____foreclosure is filed foreclosure; must be disclosed
material fact and it must
be______.
If it is not_______, you material fact
shouldn't be talking about
it.
T/F AS-IS relieves seller F, AS-IS does not relieve requirement to disclose
from disclosing material material fact
fact
stucco, radon, lead-based paint, filed foreclosure,
name 10 material fact
zoning, flood plains, meth houses, gravesites, pending
required disclosures
highways, asbestos siding
Post licensing 301 NC study questions
COMPLETE QUESTIONS AND ANSWERS |
ALREADY PASSED | 2025 LATEST!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
When must a seller's agent or subagent initially disclose agency status to a
buyer?
Choose matching definition
before buyer and buyer's agent
1 after the buyer has made an offer 2 discuss motivation and financial
information
3 only if the buyer requests it 4 during the closing process
Don't know?
, When must a seller's agent before buyer and buyer's agent discuss motivation
or subagent initially and financial information
disclose agency status to
a buyer?
seller's subagent no written or oral buyer agency
obedience
loyalty
disclosure
OLDCAR
confidentiality
accounting
reasonable care
In dual agency, the agent's reduced
duties are _____ to being a
facilitator
What statement would any number amount triggers full disclosure:
require full disclosure of 4.5% APR or $2000 down
all financing terms in
compliance with TILA, Reg
Z and RESPA
A _____foreclosure is filed foreclosure; must be disclosed
material fact and it must
be______.
If it is not_______, you material fact
shouldn't be talking about
it.
T/F AS-IS relieves seller F, AS-IS does not relieve requirement to disclose
from disclosing material material fact
fact
stucco, radon, lead-based paint, filed foreclosure,
name 10 material fact
zoning, flood plains, meth houses, gravesites, pending
required disclosures
highways, asbestos siding
