301 NORTH CAROLINA POST LICENSING
EXAM SCRIPT 2026 COMPLETE TEST
QUESTIONS AND CORRECT SOLUTIONS
⩥ Seller must provide these disclosures, and they must provide them
before: Answer: They must provide the RPOADS, MOG, and lead-based
paint disclosure if the house was built before 1978.
Must be provided before an offer is made
⩥ What are the 3 main exceptions to providing the RPOADS? Answer:
New construction
Tenant in possession
Mutual agreement
⩥ Who are the parties to an agency agreement? Answer: The agent and
the principals
⩥ Does the principal have to disclose anything? Answer: No, they do not
⩥ When and in what transactions must a broker provide the WREA
brochure? Answer: At first substantial contact in all sales transactions
, ⩥ When and in what transactions must Agency agreements with
property owners be in writing? Answer: Before any broker services are
provided (be it for sales, lease, or owner association) in all transactions
⩥ Before a broker may begin working with a buyer or tenant as that a
principal's agent, how may the parties' agency relationship be created
under NCREC rules? Answer: It can be created orally until the time of
offer, when it must be in writing
⩥ Who are the parties to the agency agreement? Answer: The firm and
the consumer
⩥ What duties does a licensee affiliated with a company owe to the
company? Answer: Fiduciary duties
⩥ What are the relevant factors/criteria when selecting properties to use
as comparables for a CMA? Answer: Recent close date
Proximity
Similarity
⩥ What is the "best" comp? Answer: The one that is the most similar
⩥ When doubtful of the accuracy of the CMA, a broker should suggest a
list price on what end of the spectrum? Answer: The high end
EXAM SCRIPT 2026 COMPLETE TEST
QUESTIONS AND CORRECT SOLUTIONS
⩥ Seller must provide these disclosures, and they must provide them
before: Answer: They must provide the RPOADS, MOG, and lead-based
paint disclosure if the house was built before 1978.
Must be provided before an offer is made
⩥ What are the 3 main exceptions to providing the RPOADS? Answer:
New construction
Tenant in possession
Mutual agreement
⩥ Who are the parties to an agency agreement? Answer: The agent and
the principals
⩥ Does the principal have to disclose anything? Answer: No, they do not
⩥ When and in what transactions must a broker provide the WREA
brochure? Answer: At first substantial contact in all sales transactions
, ⩥ When and in what transactions must Agency agreements with
property owners be in writing? Answer: Before any broker services are
provided (be it for sales, lease, or owner association) in all transactions
⩥ Before a broker may begin working with a buyer or tenant as that a
principal's agent, how may the parties' agency relationship be created
under NCREC rules? Answer: It can be created orally until the time of
offer, when it must be in writing
⩥ Who are the parties to the agency agreement? Answer: The firm and
the consumer
⩥ What duties does a licensee affiliated with a company owe to the
company? Answer: Fiduciary duties
⩥ What are the relevant factors/criteria when selecting properties to use
as comparables for a CMA? Answer: Recent close date
Proximity
Similarity
⩥ What is the "best" comp? Answer: The one that is the most similar
⩥ When doubtful of the accuracy of the CMA, a broker should suggest a
list price on what end of the spectrum? Answer: The high end
