301 NC POST LICENSING EXAM NEWST EXAM |
COMPLETE QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED ANSWERS |
LATEST VERSION
Terms in this set (303)
QUESTIONS ANSWERS
An agent's duties to third B) obedience.
parties include all the
following EXCEPT
A) fairness.
B) obedience.
C) disclosure of material
fact.
D) honesty.
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,Derrin hires Austin with C) Austin must disclose that the hot water heater is not
Best Homes Realty to list working because it is a material fact.
his home for sale. As
Austin is completing the
listing agreement, Derrin
mentions that the hot
water heater has not
worked for a couple of
weeks and is not planning
on repairing it since he is
selling the home. Derrin
tells Austin that he cannot
share that information with
anyone as it might affect
the sale of the home. What
is the BEST course of
action for Austin at this
time?
A) If Austin shares the
information regarding the
hot water heater, he will
be in violation of his
fiduciary duties, and
Derrin can sue him for
disclosing confidential
information.
B) Austin can share the
information with people at
Best Homes Realty but
cannot share it with any
firm representing a buyer.
C) Austin must disclose
that the hot water heater is
not working because it is a
material fact.
D) Austin must obey the
seller. Austin and Best
2/124
,client
3/124
, Armin, ma mbroker A) mCourtney mneeds mto mbe madvised mto mstill mconduct
maffiliated ma mfull
with mBest mHomes home minspection.
mRealty,
listed ma mproperty mfor
msale
and mconducted man
mopen
house. mCourtney mvisited
the mopen mhouse mand
decided mto mmake man
moffer.
The mseller mhad
mcompleted
the mResidential mProperty
and mOwners' mAssociation
Disclosure m Statement
(RPOADS) m indicating m all
defects mthe mseller
mknows
that mexist mabout mthe
property. mIn mthis
msituation,
which mof mthe mfollowing
statements m is mTRUE?
A) mCourtney mneeds mto
mbe
advised mto mstill mconduct
ma
full mhome minspection.
B) mSince mthe mseller
disclosed mall mknown
material mfacts, mthey
mhave
complied mwith mthe
Doctrine mof mCaveat
Emptor mand mCourtney
does mnot mneed mto
complete ma mfull mhome
inspection.
C) mSince mthe mseller
4/124
COMPLETE QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED ANSWERS |
LATEST VERSION
Terms in this set (303)
QUESTIONS ANSWERS
An agent's duties to third B) obedience.
parties include all the
following EXCEPT
A) fairness.
B) obedience.
C) disclosure of material
fact.
D) honesty.
1/124
,Derrin hires Austin with C) Austin must disclose that the hot water heater is not
Best Homes Realty to list working because it is a material fact.
his home for sale. As
Austin is completing the
listing agreement, Derrin
mentions that the hot
water heater has not
worked for a couple of
weeks and is not planning
on repairing it since he is
selling the home. Derrin
tells Austin that he cannot
share that information with
anyone as it might affect
the sale of the home. What
is the BEST course of
action for Austin at this
time?
A) If Austin shares the
information regarding the
hot water heater, he will
be in violation of his
fiduciary duties, and
Derrin can sue him for
disclosing confidential
information.
B) Austin can share the
information with people at
Best Homes Realty but
cannot share it with any
firm representing a buyer.
C) Austin must disclose
that the hot water heater is
not working because it is a
material fact.
D) Austin must obey the
seller. Austin and Best
2/124
,client
3/124
, Armin, ma mbroker A) mCourtney mneeds mto mbe madvised mto mstill mconduct
maffiliated ma mfull
with mBest mHomes home minspection.
mRealty,
listed ma mproperty mfor
msale
and mconducted man
mopen
house. mCourtney mvisited
the mopen mhouse mand
decided mto mmake man
moffer.
The mseller mhad
mcompleted
the mResidential mProperty
and mOwners' mAssociation
Disclosure m Statement
(RPOADS) m indicating m all
defects mthe mseller
mknows
that mexist mabout mthe
property. mIn mthis
msituation,
which mof mthe mfollowing
statements m is mTRUE?
A) mCourtney mneeds mto
mbe
advised mto mstill mconduct
ma
full mhome minspection.
B) mSince mthe mseller
disclosed mall mknown
material mfacts, mthey
mhave
complied mwith mthe
Doctrine mof mCaveat
Emptor mand mCourtney
does mnot mneed mto
complete ma mfull mhome
inspection.
C) mSince mthe mseller
4/124
